Google Inc. Q1 2012 Earnings Report is Pretty Robust

[cereal killer]

Google Inc. just missed Wall Streets estimates by the thinness of a RAZR, but still pulled in some very impressive numbers. According to their earning report for Q1 2012, Google saw revenues of $10.65 billion for the quarter ended March 31, 2012, an increase of 24% compared to the first quarter of 2011. GAAP net income in the first quarter of 2012 was $2.89 billion, compared to $1.80 billion in the first quarter of 2011.

Curious how much money they have on hand?

As of March 31, 2012, cash, cash equivalents, and short-term marketable securities were $49.3 billion

Nice chunk of change to "play" around with. The earnings call is ongoing, so if any more good info comes out of there we will let you know.

Source: Google

[UltraDroid]

Thanks CK!