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.
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