Searching for cracks

16 April 2009 By Jeff Segal

The search giant s revenues fell last quarter for the first time in its short history. It seems advertising woes are denting its moneyspinning internet business. Still, compared to its brethren, Google looks wellpositioned to weather the downturn by increasing its dominance.

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Google announced firstquarter earnings of $5.16 per share on revenues, excluding traffic acquisition costs, of $4.07bn. Wall Street analysts' average expectations were for earnings of $4.90 and net revenues of $4.08bn.

The company's overall revenues were $5.51bn, a decrease of 3% from its last quarter. This is the first time in Google's history as a public company that its revenues decreased on a quarterly basis.

Google employed 20,164 fulltime employees as of the end of the quarter, down from 20,222 fulltime employees as of December 31, 2008.

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