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Last night's first quarter results from internet search giant Google were well-received, despite the first drop in quarter-on-quarter revenue since flotation.

Internet search engine Google is feeling the pain of recession after seeing years of unbridled growth come crashing to a end. The US firm reported first-quarter revenues of $5.51 billion (£3.7 billion) - up 6% from a year ago but down 3% from the fourth quarter of 2008.

The recession is prodding Google Inc. to grow up faster than a lot of people anticipated.

Google has published its quarterly earnings statement, revealing that the company is still making profit but that sales are dropping in the recession.

More Google netbooks & smartphones planned Google CEO Eric Schmidt on Thursday predicted good times ahead for Google Android, the company's mobile phone OS and software.