Friday, April 15, 2011

Google: Revenues and profits up

The giant Google has released its financial results for the first quarter of the year. Reaching 8.58 billion dollars, the group's turnover rose by over 27% year on year (6.77 billion dollars recorded in the first quarter of 2010). Net income reached for his $ 2.30 billion, up 17% from last year. The profit margin was weaker than analysts had hoped, Google saw its general operating expenses rose from 1.84 billion dollars (27% of revenues) in the first quarter of 2010 to $ 2.84 billion (33% income) for the first quarter of 2011.

The reaction was not made to wait on the market, the share price of the group dropping more than 5.6% in pre-open ... 31 March 2011, Google finally had a war chest - in cash - $ 36.7 billion.

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