Google Q1 FY11 Results : Net increased 17%

by khalid on 17/04/2011 · 5 comments

World’s largest search engine company Google has posted a phenomenal increase in net profit for the period Q1 (ending Mar 2011) of the current fiscal (FY11) on increasing its online advertising income. During the said quarter, net profit rises 17% to $2.3 billion in comparison to the $1.96 of Q1 (ending Mar 2010) of previous year(FY10). Google Inc. is an American multinational public corporation invested in Internet search, cloud computing, and advertising technologies. Google hosts and develops a number of Internet-based services and products and generates profit primarily from advertising through its AdWords program. Google Inc has subsidiaries companies like YouTube, DoubleClick, On2 Technologies, Google Voice, Picnik, Aardvark and AdMob.

The company informed the share market (NASDAQ) that the revenue increased 27% to $8.58 billion in quarter ended Mar 2011 when compared with the last years same quarter ended Mar 2010 which was $6.77 billion. The company added over 1,900 people during January to March 2011 period, which takes the total number of employees to 26,316 allover the world.

Share’s Data :-
NASDAQ Symbol : GOOG
Share Volume : 14,050,013 shares
Google Inc. share’s CMP is $530.7 on 15th Apr 2011.

Stay tuned to BelltheBull Blog for more news on Google Inc. !

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{ 5 comments… read them below or add one }

Shabbir April 18, 2011

Google stock fell 9% on the results day and I have a big investment in the stock.

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khalid April 18, 2011

Google Inc is increasing its online ad profit then why stock fell 9% on the result day? I think it would have not been up to market expectations. This is my guess what do you say ?
And sorry that your investment valuation gone down for Google stock. Do you invest directly in NASDAQ or what?

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Shabbir April 18, 2011

Yes I do invest in NASDAQ directly but what you are saying as good result was actually not good. They have done well in profit but they have also invested very heavily on new ventures.

Reply

khalid April 18, 2011

Oh I see, that is why the stock fell down. Anyway thanks Shabbir for clearing the point and your visit to my blog.

Reply

Shabbir April 18, 2011

The pleasure is all mine and you have some really good content coming up and that makes me keep coming to your blog. Keep it up.

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