Net profits explode Google. In the first quarter of 2011, the Mountain View company earned $2,89 billion, or $8,75 per share, on total revenue of $10,65 billion. The year-on-year increase is 61%. Sales, on the other hand, grew by 24%. Analysts had forecast earnings of $9,64 per share on $8,1 billion in business.
In a statement, the group announced that “the board of directors approved unanimously the distribution of a dividend“: will concern a new type of shares (without voting rights), which will be traded on the Nasdaq. The stock dividend is basically a stock split that "will not alter the corporate structure that has kept Google progressing long-term."
CEO Larry Page - who finished the first year at the helm of the company he founded - said he was satisfied with "another exceptional quarter", also due to the "extraordinary momentum received by some products such as Android, Chrome and YouTube ”. Furthermore, in the last quarter, Google+, the young social network from Google, has exceeded 100 million users.
