Google announced 3% dip in qualrterly revenues for Q1 2009.
Google has just announced its Q1 2009 results, and for the first time ever, there has been a dip. Revenue fell 3% for the quarter versus the fourth quarter of 2008. But, for the year, revenues were still up.
And it’s actually not as bad as analysts had been expecting. JP Morgan, for example, had been expecting a 4% decline quarter to quarter. And, perhaps most importantly for Google, its paid click numbers were actually up. Aggregate paid clicks were up 3% quarter to quarter, and 17% year over year.
Google saw $1.4 billion in net income for the quarter, which was up 9%. Revenue was at $5.5 billion. Google now has $17.8 billion in cash and marketable securities on its balance sheet.