Google has released the Financial Earning and Revenue Shares Report of Q1 2012 (From Jan-12 to Mar-12). According to the latest Financial Report from Google we can say that Google getting bigger and bigger in earning and profit sharing of business. Company reported that its earnings for the quarter that ended on March 31, 2012 are totaled of $2.89 Billion as compare to the previous Q1 earning in 2011 Google is in profit of almost $1.80 Billion for the same period a year ago. Google is ahead in terms of profits and earning as compare to previous year 2011.
Google's Revenues came in Q1, 2012 is $10.65 billion, almost 24 percent increase as compare to previous year 2011. Google also revealed that company has $49.3 billion in cash on hand on its public figure report. After so much earning and profits in Q1, 2012 Google is also giving incentives to their GOOG Shareholders by announcing a new Two-for-One Stock Split. However, the new shares will be a new class of non-voting capital stock that will still give Google Co-founders Larry Page and Sergey Brin control of the company. For More information about the GOOG Stock Split 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.
You can read and get full Google's Earning and Revenue Shares Report of 2012 Q1 Financial Year by Clicking here.