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.

I wonder who goes home with the most of the money in their pocket.
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.........
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!
That's some crazy growth!
AHAHAH yeah. . . what a shitty line of logic that is.
2.3 billion for first quarter
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.
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.
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.
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.
its called a phone... there selling them now.. i think its something like android heard of it??? its really popular and its taking off
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???