Thursday, October 13, 2011

Google's revenue up 33 percent for Q3 2011


Google reported record revenues for the 3rd quarter. Google, which for the first time topped $9 billion in revenue in Q2, once again set another company record as it delivered a strong third quarter with $9.72 billion in revenue, a 33 percent increase over the $7.29 billion reported in Q3 2010.

The company has $46.2 billion in cash on hand.

The company noted that it now has more than 40 million users for its Google+ social networking service.

Larry Page said on the call that there are now more than 190 million Android devices activated to date.

Google's stock prices were up 6% in after hours trading.

Source: SearchEngineWatch


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