Google, Apple Report Stellar Quarter Revenues
Article by George Norman
On 21 Apr 2010
Mountain View-based search engine giant Google has recently made public its revenues for the quarter that ended on the 31st of March, 2010. As you may expect, Google did well – very well indeed. Here are some figures to put things in perspective:

Total Revenues for Q1, which ended this March – $ 6.77 billion (a 23% increase compared to last year).
Google Sites Revenues $4.44 billion (which represents 66% of total revenues; a 30% increase compared to last year).
International Revenues $3.58 billion (which represents 53% of total revenues).
Google Network Revenues $2.04 billion (which represents 30% of total revenues; a 24% increase compared to last year).

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“Google performed very well in the first quarter, with 23% year over year revenue growth driven by strength across all major verticals and geographies,” said Google’s CFO, Patrick Pichette. “Going forward, we remain committed to heavy investment in innovation -- both to spur future growth in our core and emerging businesses as well as to help build the future of the open web.”

Cupertino-based software developed Apple did not do too bad either. As a matter of fact, it did better than Google. Here are some figures to put things in perspective.
Total Revenues for its fiscal Q2, which ended on the 27th of March 2010 – $13.5 billion.
Net Quarterly Profit$3.07 billion or $3.33 per diluted share.

“We’re thrilled to report our best non-holiday quarter ever, with revenues up 49 percent and profits up 90 percent,” said Steve Jobs, Apple’s CEO. “We’ve launched our revolutionary new iPad and users are loving it, and we have several more extraordinary products in the pipeline for this year.”

How much stuff did Apple sell during its fiscal second quarter, which by the way was a non-holiday quarter? The company sold 2.94 million Mac computers, 8.75 million iPhones, and 10.89 million iPods.

“Looking ahead to the third fiscal quarter of 2010, we expect revenue in the range of about $13.0 billion to $13.4 billion and we expect diluted earnings per share in the range of about $2.28 to $2.39,” said Peter Oppenheimer, Apple’s CFO.



Tags: Google, Apple, Revenues, Profit, Money
About the author: George Norman
George is a news editor.
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