Google Results Beat Expectations12 Apr, 2012 By: Chris Tribbey
Google reported first-quarter (ended March 31) revenue of $10.65 billion April 12, a 24% jump from the first quarter of 2011. The Internet giant posted a profit of $2.89 billion, up from $1.8 billion during the same quarter of 2011.
“Google had another great quarter with revenues up 24% year on year,” said Google CEO Larry Page. “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.”
Google-owned sites accounted for $7.31 billion in revenue, or nearly 70% of total revenues for the quarter, a 24% increase over the $5.88 billion the sites generated in the first quarter of 2011.