Google revenues hit $6.77bn in Q1

Google has reported revenues of $6.77 billion in the first quarter of 2010, up 23% year on year.

Profits hit $1.96 billion in the first quarter, a 38% increase on the same period last year.

Revenues from the UK were $842 million, up 15% year on year and representing 13% of total Q1 revenues.

Google-owned sites generated revenues of $4.44 billion, or 66% of total revenues, in Q, representing a 20% increase on first quarter 2009 revenues of $3.69 billion.

Average cost-per-click, which includes clicks related to ads served on Google sites and sites of it AdSense partners, increased approximately 7% year on year.

Patrick Pichette, CFO of Google, said: “Google performed very well in the first quarter, with 23% year over year revenue growth driven by strength across all major verticals and geographies.

“Going forward, we remain committed to heavy investment in innovation – both to spur future growth in our core and emerging businesses as well as to help build the future of the open web.”