Google: Spectacular earnings $GOOG



Google’s just announced its third quarter earnings and, as expected, the company’s numbers are continuing on the upswing (even beating expectations). That includes $9.72 billion in revenue, which represents a 33 percent jump compared to the third quarter of 2010, along with $2.73 billion in net income, which is up from $2.17 billion a year ago. Somewhat notably, Google also choose to lead off its press release announcing the financial results (included after the break) with the news that Google+ has just passed the 40 million user mark — the company further notes that “people are flocking into Google+ at an incredible rate.” There’s not a ton of surprises to be found in the results otherwise, although Larry Page and co. sure seem to be busy hiring new folks — they’ve brought on 10 percent more employees in the span of three months (for a total of 31,353 full-time employees as of September 30th).

Update: During the company’s earnings call, CEO Larry Page confirmed that there’s now 190 million Android phones activated around the world, and 200 million users of the Chrome web browser (although it’s not clear how many of those are active users). Page also took a moment to post his remarks to Google+ during the call.

via engadget

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