San Francisco - Internet search powerhouse Google bucked the economic downturn in the first quarter, posting an 8.9-per-cent rise in profits as revenues climbed 6.2 per cent.
The Silicon Valley-based online advertising giant earned 1.42 billion dollars in the quarter, up from 1.31 billion in the same quarter a year ago.
Revenue rose 6.2 per cent to 5.51 billion dollars but marked a 3- per-cent drop from the fourth quarter - the first time that the internet search company saw a decline in revenue between two consecutive quarters.