Google posts strong Q1 earnings

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Yesterday, Google announced strong earnings for the first quarter of 2010, as the search company generated $6.77 billion in revenue — a 23% increase year-over-year. Just under $4.5 billion of that sum came from Google-owned websites, while a staggering $2.04 billion came from Google’s AdSense platform. The company’s acquisition war chest is also in great shape, as Google boasted, “as of March 31, 2010, cash, cash equivalents, and short-term marketable securities were $26.5 billion.” Before hanging up with investors, Google execs also noted that there are now over 38,000 applications in the Android Market and over 30 Android handset variations worldwide. With momentum like that, we expect to see Android get its own bullet point on next year’s earnings announcement highlights. Full report is all ready to go below if you’re inclined. 

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