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Google Inc's core Internet business grew net revenue 23 percent in the first quarter to a better-than-expected $9.99 billion as the company's search advertising business continued to show strength.
Shares of Google, which reached an all-time high of $844 in March, were up 2 percent to $783.08 in after hours trading on Thursday.
The company's average cost-per-click, a critical metric that refers to the price advertisers pay the Internet search giant, declined 4 percent from a year ago, the sixth consecutive quarter of declines but an improvement over the fourth quarter's 6 percent slide.