Google Smashes Earnings Expectations - NBC Southern California
Press Here

Google Smashes Earnings Expectations



    More than 200 million Chrome, 190 million Android and 40 million Google+ users can't be wrong.

    Google announced its third quarter earnings Thursday and they were nothing to be shy about. The Mountain View-based search giant beat Wall Street's expectations with $9.72 billion in revenue and $2.73 billion in net income.

    The numbers mark a 33 percent jump in revenue from 2010 and an increase from $2.17 billion in net income from last year.

    Google CEO and co-founder Larry Page also said the company has increased its staff by 10 percent over the past three months.

    "We had a great quarter," Page said. "Revenue was up 33 percent year on year and our quarterly revenue was just short of $10 billion. Google+ is now open to everyone and we just passed the 40 million user mark. People are flocking into Google+ at an incredible rate and we are just getting started."

    Google now employs 31,353 worldwide and the company has $42.6 billion cash, cash equivalents, and short-term marketable securities available.