In its latest results statement, Google said that net income in the first quarter of 2012 was $2.89bn (£1.8bn), up 60% from the same period last year.
Google's quarterly revenue hit $10.65 billion in the three months ending March 31, 2012, up 24% year-on-year. More than half (54%) of those earnings came from outside the US, including UK revenue of $1.15bn in the quarter, or 11% of the total.
Google-owned websites generated revenues of $7.31 billion, or 69% of total revenues, in the first quarter of 2012. This was up 24% on the same period in 2011.
Network Revenues from Google's partner sites generated $2.91 billion, or 27% of total earnings, and up 20% year-on-year.
"Google had another great quarter with revenues up 24% year on year," said Larry Page, the co-founder of Google, who took over as chief executive in April 2011.
"We also saw tremendous momentum from the big bets we've made in products like Android, Chrome and YouTube.
"We are still at the very early stages of what technology can do to improve people's lives and we have enormous opportunities ahead. It is a very exciting time to be at Google."
Alongside the results, Google said that it would create a new class of non-voting stock, and effectively slit the shares two-for-one. This means that the owner of each existing share will receive one new share of the non-voting stock.
The stock-split will attract new investors to the firm, but also ensure that Page, Sergey Brin and other key shareholders retain control of the company.
In a founders letter released yesterday, they said that this latest move further maintains that approach.
"We recognise that some people, particularly those who opposed this structure at the start, won't support this change - and we understand that other companies have been very successful with more traditional governance models," they said.
"But after careful consideration with our board of directors, we have decided that maintaining this founder-led approach is in the best interests of Google, our shareholders and our users.
"Having the flexibility to use stock without diluting our structure will help ensure we are set up for success for decades to come."
Later in the letter, Page and Brin added: "It's important to bear in mind that this proposal will only have an effect on governance over the very long term.
"In fact, there's no particular urgency to make these changes now - we don't have an unusually big acquisition planned, in case you were wondering."
Elsewhere in the results, Google said that aggregate paid clicks, or people who clicked on ads from Google and partner sites, were up 39% year-on-year in the first quarter, and up 7% on the final three months of 2011.
Earlier in the week, Google revamped its Google+ social network with a refreshed design and new features, and claimed that the service now has 170m members worldwide.
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