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Thursday, 25.04.2024, 18:48
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Main » 2012 » January » 20 » In 2011, Google's net profit was $ 9.74 billion
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In 2011, Google's net profit was $ 9.74 billion
Net profit for Google in 2011 grew by 15% compared with 2010 and totaled $ 9.74 billion Earnings per common share was $ 29.76, up 13% over the previous year. Operating profit for the last year in the company valued at $ 11.74 billion to the report Google states that the annual revenues of $ 37.9 billion, up 29% from a year earlier. On the advertising company generated $ 36.5 billion, while in 2010 the figure was $ 28 billion

In IV quarter 2011 revenue growth Google was annualized 6% ($ 2.7 billion) and revenue growth - 25% ($ 10.6 billion). CEO Larry Page said that Google has exceeded quarterly revenue of $ 10 billion for the first time in history.

After the announcement of the report the company's shares on the Nasdaq fell 10%. Despite the good performance of the experts polled by Reuters, believe that in 2012, the company may affect the unfavorable macroeconomic environment, since about 50% of the revenue Google generates outside the home of the U.S. market.
Category: Economic news | Views: 1950 | Added by: peterssidor | Tags: google, 2011 | Rating: 0.0/0