California based Google Inc posted its earnings for the first quarter of the year, incorporating revenues of $10.65 billion for the quarter. Google reported profits of $2.89 billion, earnings per share of $10.08, and adulterated Earnings per share of $8.75. Google shares were up on the day, booking at more than 2% increase. These figures are also slightly higher than the $10.58 billion in revenue posted during the final quarter of 2011.
Google’s web properties generated revenues of $7.31 billion, or 69% of total revenue. Around 27% of revenue came from Google’s partner sites, accounting for $2.91 billion of revenue totals. In fact most of Google’s revenue came from outside the United States. International revenues totaled $5.77 billion, standing for 54% of total revenue.Interestingly Google stated that the firm would be splitting its stock for the first time in its history. Stock Split means the increases the number of shares in a public company. The price is adjusted such that the before and after market capitalization of the company remains the same and dilution does not occur.
“Google had another great quarter with revenues up 24% year on year,” Google CEO Larry Page said in a statement. “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.”