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Google Beats Street in Q1 2012 Earnings, Reports Revenues of $10.65 Billion

by Todd Haselton | April 12, 2012April 12, 2012 2:00 pm PST

Google just announced its earnings for the first quarter of 2012, in which the company reported revenues of $10.65 billion, ahead of Wall Street expectations of $8.1 billion. That figure is also up 24 percent from the first quarter of last year, when the firm reported earnings of $8.58 billion. “Google had another great quarter with revenues up 24% year on year,” said Larry Page, CEO of Google.  “We also saw tremendous momentum from the big bets we’ve made in products like Android, Chrome and YouTube. We are still at the very early stages of what technology can do to improve people’s lives and we have enormous opportunities ahead.  It is a very exciting time to be at Google.”

Google also said that its Board of Directors approved a stock dividend and a 2-for-1 stock split proposal. We expect to hear more on that in the coming weeks.

[via Google]

Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...