Google has done it again. The first quarter results show that the revenues for the Google reported revenues of $2.25 billion for the quarter ended March 31, 2006. This figure is an increase of 79% compared to the first quarter of 2005 and an increase of 17% compared to the fourth quarter of 2005.
According to Eric Schmidt, CEO of Google, "Google had an exceptional quarter with strong growth and profitability, from both Google properties and the network. 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."