Google exceeds expectations after recording greater net profit

Google, the Mountain View Technology Company ended the first quarter after compiling a net profit of 2,890 million, considerably higher as compared to 1.798 million during the same period back in 2011. 

Their revenues amounted to 8,140 million, the results far better than expected, which accompanied with the approval of a proposal to distribute dividends.

The firm led by Larry Page follows in the footsteps of Apple, which weeks earlier announced a plan to return to reward the loyalty of its shareholders by means of the effective mass that accumulates
in balance. Google intends to create for it a new type of non-voting share .Shareholders will receive one of these new titles for each share held and distributed as a dividend.

That is, the owners of Google will double the number of shares they had before the operation was executed. The CEO and co-founder, Sergey Brin, while shielding its power and maintaining the structure of society
was proud to make the announcements. The announcement, meanwhile, was made
??in a letter to investors accompanied by the results.

"We are still at an early stage in what technology can do to improve the lives of people and we have tremendous opportunities ahead. The company’s shares rose less than half a percentage point after the double
announcement, after closing the day with a rise of 2.35% on expectations of good numbers.” He was quoted as saying.

Brin went on to highlight the momentum of the mobile operating system “Android”, its Chrome browser and YouTube platform  for the audiovisual content distribution.

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Posted by Farasat Ali on Apr 13 2012. Filed under Sci-Tech. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry