The first quarter of 2010 has turned out to be one of the best quarters for Google. The company has posted a healthy five billion dollars revenue for the quarter, in line with the analyst estimates.
Also the company turned out 1.96 billion dollars of net income, which is a spectacular 37% rise from the net income in the same period last year.
The results were slightly below market expectations, and hence the stocks were hit by over 5% yesterday.
The company is expecting to perform better in the coming quarters, as there are signs of smart pickup in advertisement spending by companies. It would well turn out to be the best year for Google.