05/18/2009 05:12 am ET Updated May 25, 2011

Google's Earnings Mixed

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

With its revenue growth rapidly decelerating, Google has been clamping down on its expenses with a ferocity that seemed unthinkable a year ago when the Internet search leader was still known for its spendthrift ways. Besides pampering its rapidly expanding work force, Google rarely hesitate to invest in new products without worrying whether they would make money.