Google Inc. just missed Wall Streets estimates by the thinness of a RAZR, but still pulled in some very impressive numbers. According to their earning report for Q1 2012, Google saw revenues of $10.65 billion for the quarter ended March 31, 2012, an increase of 24% compared to the first quarter of 2011. GAAP net income in the first quarter of 2012 was $2.89 billion, compared to $1.80 billion in the first quarter of 2011.
Curious how much money they have on hand?
Nice chunk of change to "play" around with. The earnings call is ongoing, so if any more good info comes out of there we will let you know.As of March 31, 2012, cash, cash equivalents, and short-term marketable securities were $49.3 billion