Compared to first quarter 2008, Google overall saw an increas of 6% with revenues of $5.51 billion. Again, search outperformed the rest of Google with an increase of 17% over Q1 2008.
Google reported revenues of $5.51 billion for the quarter ended March 31, 2009, an increase of 6% compared to the first quarter of 2008 and a decrease of 3% compared to the fourth quarter of 2008.
GOOG stock was up 1.47% at the time of this post.
Those overall quarterly losses at Google could have been worse had they not cut operating expenses. Overall operating expenses were 28% of revenues at $1.52 billion in Q1 2009 compared to 29% of revenues at $1.65 billion in Q4 2008. Payroll was reduced to $774 million in the first quarter of 2009 compared to $890 million the quarter prior.
Meet Your Favorite Search Engine Watch Contributors
Many of SEW's leading expert contributors will be at ClickZ Live, the new online and digital marketing event kicking off in New York (March 31-April 3). Hear from the likes of: Thom Craver, Josh Braaten, Lisa Barone, Simon Heseltine, Josh McCoy, Lisa Raehsler, Greg Jarboe, Dan Cristo, Joseph Kerschbaum, John Gagnon, Eric Enge and more!