Profit of "Google" amounted to USD 10 billion for year
| "STATUS QUO", Kharkiv, 2012-01-20, 09:38 |
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Net income of U.S. Internet Corporation "Google Inc.", which owns the search engine "Google", increased by 14.5% to $ 9.74 billion in 2011 ( USD 8.51 billion in 2010). It was reported by the News Agency "RBC-Ukraine".
The company's revenue last year increased by 29.3% to 37.91 billion dollars. In the IV quarter 2011 net income of the "Google" was 2.71 billion that is 6.4% higher than quarterly earnings a year before. Revenues in October-December 2011 amounted to 10.58 billion dollars (25.4% more). According to the report, share value of the "Google" in the extended session in New York fell by 10%, "reflecting investor disappointment with the quarterly results of the company." According to analysts, the worst-than-expected results of the "Google" in the IV quarter of 2011 related to the economic crisis in Europe that influenced revenue from online advertising.
"SQ" Reference. "Google" is a U.S. company, which owns the world's first on popular search engines, processing 41 billion 345 million queries per month. Its market share exceeds 60%. The headquarters of the organization is located in Mauntin View city, California. The company employs more than 20,5 thousand employees.
