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Google’s Q1 2012 earnings sees revenue of $10.65 billion


Google has just announced their Q1 2012 earnings and a huge $10.65 billion in revenues, a whopping 24% over last year. In their press release they revealed that at the end of March they have $49.3 billion in cash on hand, plus have 33,077 employees.

Larry Page, CEO of Google, said “Google had another great quarter with revenues up 24% year on year. 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.”

I’m currently listening to the conference call and so far there isn’t any Android specific stats, but will report back when something emerges. Finally, Google announced a 2-for-1 stock split.

Update: Not much about Android, only that CEO Larry Page said they are lower-end Android tablets will have success, possibly hinting at all the Nexus tablet rumours:

“There has been a lot of success on some lower priced tablets that run Android. Maybe not the full Google version of Android, but we definitely have a belief that there is going to be a lot of success at the lower end of the market as well, with lower priced products that will be very significant. And it’s definitely an area we think is important and are quite focused on.”

Source: Google
Via: YouTube (Live Webcast) & Electronista

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