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Google Announces $8.58 Billion in Gross Revenue

Google has reported its revenue for the first quarter of 2011, posting $8.58 billion in gross revenue and $2.3 billion in net income.

Google yesterday announced quarterly earnings for the first quarter of 2011. The company posted gross revenues of $8.58 billion, a 27 percent increase over the same $6.77 billion period in 2010. Revenues from outside of the United States totaled $4.57 billion, representing 53 percent of total revenues in the first quarter of 2011, compared to 52 percent in the fourth quarter of 2010 and 53 percent in the first quarter of 2010.

Net income was $2.3 billion, up from $1.96 for the same period last year, while EPS (earnings per share) was $7.04 on 326 million diluted shares outstanding. This is compared to $6.06 in the first quarter of 2010 on 323 million diluted shares outstanding. Operating income in the first quarter of 2011 was $2.80 billion, or 33 percent of revenues. This compares to operating income of $2.49 billion, or 37 percent of revenues, in the first quarter of 2010.    

Despite gross revenue being up 27 percent and net income jumping by 15 percent, both fell short of what analysts and Wall Street were anticipating.

Check out the full earnings report here.

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  • 0 Hide
    joytech22 , April 16, 2011 7:52 AM
    Haha they undershot their goal, even though they did incredibly well.
    I wonder who goes home with the most of the money in their pocket.

  • 1 Hide
    TheViper , April 16, 2011 7:53 AM
    Mouse, that would be Net Income. $2.3 billion.
  • -1 Hide
    back_by_demand , April 16, 2011 9:54 AM
    Funny how 47% of the income comes from 5% of the people in the world.

    Shows just how hard they are hit with Ads and how obvious it is that they are swayed by them, does that mean that people in the USA are 20 times more suseptible to suggestion? I'll test the theory...

    Buy a red car.........
  • 1 Hide
    Kryan , April 16, 2011 10:41 AM
    red car? a Ferrari? (i live in Germany, so don't see much US ads).
    As for the profit, you all realise they now have 2,3 BILLION extra...I dont care if that is less than expected. That's STILL the reason I'm finishing up my studies to go and work for them!
  • 0 Hide
    jfby , April 16, 2011 11:39 AM
    I would like to see how this compares with Facebook... not really, but good for Google. I'm not sure where the analysts thought they'd blow away last years numbers, but it's too bad that Google's share prices might drop even after such a good performance.
  • 1 Hide
    TemjinGold , April 16, 2011 11:50 AM
    Quote:
    Net income was $2.3 billion, up from $1.96 for the same period last year,


    That's some crazy growth! :D 
  • 1 Hide
    CPU666d1 , April 16, 2011 2:31 PM
    I don't mind using google's search engine,but I like to spread my search's among google,bing,yahoo and altavista. That way I can help the smaller search engine companies as well as the big one's.
  • 0 Hide
    CPU666d1 , April 16, 2011 2:35 PM
    To joytech22's comment,the directers,CEO's and the higher up managers.
  • 1 Hide
    jkflipflop98 , April 16, 2011 2:48 PM
    back_by_demandFunny how 47% of the income comes from 5% of the people in the world.Shows just how hard they are hit with Ads and how obvious it is that they are swayed by them, does that mean that people in the USA are 20 times more suseptible to suggestion? I'll test the theory...Buy a red car.........


    AHAHAH yeah. . . what a shitty line of logic that is.
  • 0 Hide
    ataryens , April 16, 2011 2:59 PM
    mouse24hi, sorry if im REALLY bad at this but, how do we tell what they made in pure profit, after server maint and worker expenses?


    2.3 billion for first quarter
  • 2 Hide
    afrobacon , April 16, 2011 3:16 PM
    I'm on my way to buy a red car right now =)
  • 0 Hide
    jsrudd , April 16, 2011 4:01 PM
    cpu666d1To joytech22's comment,the directers,CEO's and the higher up managers.


    Actually net income goes to the shareholders. It just so happens that the CEO holds a large share of google's stock, but he did found the company after all.
  • 1 Hide
    ktasley , April 16, 2011 4:16 PM
    I guess my last post didnt go up. Long story short>

    FYI Jsrudd, and for all others, net income does not go straight to shareholders. Lol

    Execs may choose to allocate money to dividends, which does benefit everyone as Jsrudd stated.

    They also use income to invest in growth, R&D, new projects, acquisitions (which google loves), etc.
  • -2 Hide
    bluedragon9958 , April 16, 2011 6:34 PM
    Shocking fact: 5% of the world makes 95% of the money because 95% of people are just not intelligent. If you didn't already know this, guess which percentile you fall under.
  • 0 Hide
    gaborbarla , April 16, 2011 7:27 PM
    bluedragon9958Shocking fact: 5% of the world makes 95% of the money because 95% of people are just not intelligent. If you didn't already know this, guess which percentile you fall under.


    Most intelligent people don't actually earn a lot. Normally they are scientists colliding atoms or trying to cure cancer barely making enough to pay for their rent. Most billionaires make their money by being born in the right area of the world being there at the right time, and getting lucky with some sufficient sponsors to grow their idea until it snowballs the world. There is a big difference between being a business genius and being a real one.
  • -1 Hide
    Anonymous , April 16, 2011 7:55 PM
    His comment still stands true, those who do make a lot of money are a lot smarter than the rest of the world in general. And over 95% of the world is composed of low intelligence.
  • 0 Hide
    hotsacoman , April 16, 2011 8:16 PM
    bluedragon9958Shocking fact: 5% of the world makes 95% of the money because 95% of people are just not intelligent. If you didn't already know this, guess which percentile you fall under.

    JamesDentonHis comment still stands true, those who do make a lot of money are a lot smarter than the rest of the world in general. And over 95% of the world is composed of low intelligence.


    Actually, its more like those 5% are either focused on making money or are greedy about it. Those who devote all their time and resources to making money will make money. Absolutely nothing to do with intelligence.
  • 0 Hide
    Khimera2000 , April 16, 2011 9:35 PM
    back_by_demandFunny how 47% of the income comes from 5% of the people in the world.Shows just how hard they are hit with Ads and how obvious it is that they are swayed by them, does that mean that people in the USA are 20 times more suseptible to suggestion? I'll test the theory...Buy a red car.........


    its called a phone... there selling them now.. i think its something like android heard of it??? its really popular and its taking off :D 

    unless you are reffering to the android users in which case someone is out of touch 0.o check it out im sure you will like it. they have plenty of partners!

    advertising is one way that google gets cash, but now it is not the only way. there set to tak 50% of the smartphone market by 2012. are you telling me you just ignored this detail to call a bunch of people idiots???
  • 0 Hide
    memadmax , April 16, 2011 9:46 PM
    Red car it is... I'll take the camaro... or mustang? damn it jim, not enough suggestions out there! Someone help me!
  • 0 Hide
    FloKid , April 17, 2011 3:50 AM
    Grats for google boring for me.
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