Google Announces $8.13 Billion In Revenue and $2.71 Billion Profit

Google Inc. has announced their fourth-quarter 2011 results. Google reported $2.71 billion in profit and $8.13 billion in revenues at an earnings of $9.50 per share excluding several one-time charges. This is less than the $10.49 per share and $8.40 billion in revenues that Wall Street was expecting. This is the first time in 9 quarters that Google has not beaten revenue estimates. Gross revenue jumped 25% to $10.58 billion, which is the first time that the company’s raw sales exceeded $10 billion in any given quarter. Other big news from the company is 700,000 Android devices are being activated per day and more than 11 billion applications have been downloaded from the Android Market. The Google+ social network now has 90 million users worldwide too. [Google Investor Relations]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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