Google Announces First Quarter 2012 Results and Proposal For New Class of Stock
In this Month, Google has announced its financial earnings and revenue report of Q1 2012 (From Jan-12 to Mar-12) and the company didn’t let down. According to the latest financial report it raked in $10.65 billion, a full 24 percent higher than last year for the same time period and a sizeable improvement over last quarter, Google getting more prominent in earning and profit sharing of business.Google said that it earned $2.89 billion, or $8.75 per share, in the first quarter. That's up from $1.8 billion, or $5.51 per share, a year earlier. Omitting one-time items, Google earned $10.08 per share, higher than the $9.66 that analysts canvassed by FactSet had expected and Total revenue was $10.65 billion, up 24 percent from $8.58 billion. After the huge earning and profile in Q1, 2012 Google is also sharing incentive to their GOOG Shareholders by announcing a new Two-for-One Stock Split, If you want more information about Google financial report then click here.
According to the official Google statement on 2012 Q1 Financial Year Earnings and Revenue Shares:
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.Now, you can read Google Earning report of 2012, Q1 financial year 2012 by touching here
