dcsimg

Google Announces $10.7 Billion Q1 Revenue, 2-for-1 Stock Split

Company revenue soared 24 percent compared to last year.

WEBINAR:
On-Demand

How to Help Your Business Become an AI Early Adopter


eWeek: Google has posted $10.65 billion in revenue for the first quarter of 2012, a 24 percent year-over-year increase. The search giant said it is enjoying "tremendous momentum" from products like Android, Chrome and YouTube.

In addition, the company announced a two-for-one stock split, a move which helps chairman Eric Schmidt and co-founders Larry Page and Sergey Brin retain control of the company. "Our goal was to maintain the freedom to focus on the long term by ensuring that the management team, in particular [executive chairman Eric Schmidt], Sergey and I, retained control over Google's destiny," explained Page. "We want Google to become an important and significant institution. That takes time, stability and independence."




Tags: Google, Eric Schmidt, revenue, Larry Page, Sergey Brin


0 Comments (click to add your comment)
Comment and Contribute

 


(Maximum characters: 1200). You have characters left.

 

 

IT Management Daily
Don't miss an article. Subscribe to our newsletter below.

By submitting your information, you agree that datamation.com may send you Datamation offers via email, phone and text message, as well as email offers about other products and services that Datamation believes may be of interest to you. Datamation will process your information in accordance with the Quinstreet Privacy Policy.





×
We have made updates to our Privacy Policy to reflect the implementation of the General Data Protection Regulation.