20 Apr 2009

Profits from internet marketing have helped Google record an increase in revenue for the first quarter of the year compared to the same period in 2008.

The search giant said revenues for the first three months of 2009 were $5.51 billion (£3.73 billion), up six per cent on the previous year.

Google chief executive Eric Schmidt insisted that the company has had a good quarter, despite the depth of the global recession.

"These results underline both the resilience of our business model and the ongoing potential of the web as users and advertisers shift online," he remarked.

He said that going forward, Google will be looking to drive growth in its core and emerging businesses through further investment.

According to the latest figures from comScore, Google saw its share of the search market in the United States grow to 63.7 per cent in March, up from 63.3 per cent in February.

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