Saturday, April 14, 2012

Google grows - revenue of $10,56 billion in the first quarter of the year

Google announced results of its operations in the first quarter of 2012, and they show revenue of $10.65 billion.

There is a growth of 24% over the same period last year, and over the percentage predicted of the analysts, also, various media informed.

Net income of Google in the first three months of 2012 totaled 8.14 billion dollars.

Earnings of the company in this period amounted to 2.89 billion, 8.75dollars per share.

" Google had another great quarter with revenues up 24% year on year ," said the CEO and one of the founders of the company, Larry Page, who noted the great success of projects such as Android, Chrome and YouTube.

" 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." 

Besides the financial results of its operations, Google announced a new class of shares whose holders are not entitled to vote, and the heads of companies will give them greater control in the future.

Congratulations to Google, they're one of the greatest company of our time. I have no doubt that they will continue to grow!