Google Has A Great Q1 2010

Posted: Apr 16 2010, 10:45am CDT | by , Updated: Aug 11 2010, 8:37pm CDT, in News | Technology News

 

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Google is an unstoppable juggernaut. The company just posted their Q1 2010 earnings, and things couldn't be better. They had revenues of $6.77 billion for the quarter that ended on March 31, which marks a 23% increase year-over-year. 66% of this revenue came from Google-owned sites, and AdSense contributed another 2.04 billion (30%).

Revenue from outside the United States made up 53% of the total revenue. Google also revealed the size of their 'war chest' with this announcement. They have $26.5 billion in cash, cash equivalents, and short-term marketable securities. That's enough money to buy quite a few start-ups (or ailing former competitors).

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The Author

<a href="/latest_stories/all/all/5" rel="author">Robert Evans</a>
The excitement about new smartphones, tablets and anything mobile drive Robert to unearth the latest rumors and developments in this fast moving space. He adopted 4G as soon as it become available and knows where the mobile market is going.
Robert can be contacted directly at robert@i4u.com.

 

 

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