Google's revenue hit US$6.77 billion in the quarter, ended March 31, 2010, up 23 percent compared to the first quarter of 2009. Subtracting commissions and fees paid to its advertising network and other partners, revenue was $5.06 billion.
Net income came in at $1.96 billion, or $6.06 per share, compared to $1.42 billion, or $4.49 per share, in the first quarter of 2009, the company said on Thursday.
On a pro forma basis, which excludes certain one-time items, net income in the first quarter was $2.18 billion, or $6.76 per share, compared to $1.64 billion, or $5.16 per share, in the first quarter of 2009.
The consensus estimate from financial analysts polled by Thomson Financial had been for Google to report revenue minus commissions of $4.95 billion and pro forma earnings of $6.60 per share.
Google-owned sites generated 66 percent of total revenue, while partner sites accounted for 30 percent. Fifty-three percent of total revenue came from outside of the U.S.