19 Jan '12, 10pm

Google Reports Q4 2011 Earnings, $10.58 Billion in Revenue; 90M Google+ Users

Google Reports Q4 2011 Earnings, $10.58 Billion in Revenue; 90M Google+ Users

Google revenues topped $10 billion for the first time, but it wasn’t good enough for investors, who were let down by the numbers that came in $300 million below analyst estimates (after subtracting ad commissions), AP reported. Shares dropped 10 percent in after-hours trading. Google today announced another quarter of record revenue that even surpassed its record-breaking $9.72 billion reported in Q3 of 2011. In the fourth quarter of 2011, Google revenue hit $10.58 billion – a 25 percent increase over the reported $8.44 billion in Q4 2010 revenue. Profit grew to $2.71 billion, compared to $2.54 billion in Q4 2010. CEO Larry Page also announced that the number of Google+ users has doubled since he revealed in October that there were 40 million Google+ users. Google+ now has 90 million users globally – more than 60 percent of whom use the site daily, and more than 80 percent...

Full article: http://searchenginewatch.com/article/2140200/Google-Repor...

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