Google announced its first quarter results a few minutes back and the results were better than street expectations. Google’s Q1 EPS was $4.84 and the revenue was $3.7 billion. Amid fears that the economic slowdown would have a negative result on Google’s paid ads program, adwords, Google announced that paid clicks were up 20% in the first quarter.

So I guess the paid search marketing world has nothing to worry about and atleast Google is continuing to see an increase in revenue from it’s pay per click ads.