Google financial performance in first quarter 2009

"Google is also showing signs that it has adapted quickly to the new economic reality. With its growth slowing sharply compared with a year ago, Google has imposed severe cost controls and slashed expenses. As a result, Google reported net income for the first quarter of $1.42 billion, an 8 percent jump from a year earlier and higher than analysts expected," as reported by the Times.

As a Google publisher, we have noticed that the revenues have declined by about 10% but that is a number we can deal with without any problem considering how awfully other publishers have been affected.