Saturday April 22, 2006 (HOSTSEARCH.COM) Internet giant Google has announced its figures for the first quarter 2006. As suggested by the companys CEO, Eric Schmidt, the period once again saw solid gains for the company.
"Google had an exceptional quarter with strong growth and profitability, from both Google properties and the network," said Mr. Schmidt. "We are driving this growth through investments in our infrastructure and our people, product innovations that attract new users, and relationships with advertisers and partners around the world. The strength of our business model gives us the opportunity to invest in our business, allowing us to maintain and grow our market leadership."
Googles first quarter revenues totaled $2.25 billion a 79% increase compared to the first quarter of 2005 and a 17% increase compared to the fourth quarter of 2005. Google-owned sites generated revenues of $1.30 billion, or 58% of total revenues representing a 97% increase over first quarter 2005 and an 18% increase over fourth quarter 2005 revenues.