Google reports Q4 earnings, says a quarter of a billion use Android globally
For the first time in company history, Google brought in more than $10 billion in revenue during a quarter. The company reported Q4 revenue of $10.58 billion, a 25% increase from the $8.44 billion that the company reported last year. GAAP net earnings rose to $2.71 billion from $2.54 billion reported in the 2010 quarter. Earnings per share came out to $8.22, a 5% increase from the $7.81 reported by the Mountain View based company in 2010. The company has 3 million more shares outstanding this year.
As we reported earlier, the company said that it has over 90 million Google+ users with 54 million active daily. Around the world, a stunning 250 million people are using an Android handset and a total of 11 billion apps have been downloaded from the Android Market. Google CEO Larry Page said, "I am super excited about the growth of Android, Gmail, and Google+, which now has 90 million users globally – well over double what I announced just three months ago. By building a meaningful relationship with our users through Google+ we will create amazing experiences across our services. I’m very excited about what we can do in 2012 – there are tremendous opportunities to help users and grow our business."
source: Google, Yahoo!Financial
Assuming that the deal closes, next year's earnings will be impacted by the inclusion of Motorola Mobility's results. It will be interesting to see how manufacturing Android phones impacts Google's bottom line. Wall Street didn't go for the report too much as Google's stock dropped more than 9% after hours, for a decline of more than $57 to $581.90.
source: Google, Yahoo!Financial
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