The financial first quarter for Google has just ended on the 31st March 2008.

Posting revenues of $5.19 billion for the 1st quarter is quite impressive, as this a massive 42% jump on 1st quarter results from 2007. This also boosts 7% up from last quater.
As of Q1 2008, cash, cash equivalents, and marketable securities were $12.1 billion and Google employed 19,156 full-time employees by the announcement of the financial results.
Not too shabby ey?!

Heres a look at the Income Statements for Q1 2007 and 2008

Google Inc.
Consolidated Statements of Income
(in thousands, except per share amounts)

		Three Months Ended March 31,
		2007		2008
		(unaudited)
Revenues		$ 3,663,971		$ 5,186,043
Costs and expenses:
Cost of revenues (including stock-based compensation expense of $4,389, $9,148)		1,470,426		2,110,536
Research and development (including stock-based compensation expense of $120,787, $193,800)		408,384		673,069
Sales and marketing (including stock-based compensation expense of $27,250, $42,576)		302,552		446,898
General and administrative (including stock-based compensation expense of $31,440, $35,255)		261,400		409,305
Total costs and expenses		2,442,762		3,639,808
Income from operations		1,221,209		1,546,235
Interest income and other, net		130,728		167,343
Income before income taxes		1,351,937		1,713,578
Provision for income taxes		349,775		406,492
Net income		$ 1,002,162		$ 1,307,086
Net income per share – basic		$ 3.24		$ 4.17
Net income per share – diluted		$ 3.18		$ 4.12 >
Shares used in per share calculation – basic		309,315		313,129
Shares used in per share calculation – diluted		314,870		317,392