Sunday, April 18, 2021

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

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.”

Similar articles

Latest Articles

IT Planning During a...

Without a doubt, 2020 changed everything. I like to compare it to a science fiction movie where time travel is involved. Clearly, we have...

Best Data Quality Tools...

Data quality is a critical issue in today’s data centers. The complexity of the Cloud continues to grow, leading to an increasing need for...

NVIDIA’s New Grace ARM/GPU...

This week is NVIDIA’s GTC, or GPU Technology Conference, and they likely should have changed the name to ATC because this year – it...

What is Data Segmentation?

Definition of Data Segmentation Data segmentation is the process of grouping your data into at least two subsets, although more separations may be necessary on...