Google and Apple Report Great Revenues for Q1 and Q2 Respectively
Article by George Norman
On 21 Apr 2011
Google has made public the financial results for its Q1 2011 that ended on the 31st of March and unsurprisingly the Mountain View-based search engine giant did quite well. As Google’s Chief Financial Officer Patrick Pichette explained, Google “had a great quarter with 27% year-over-year revenue growth.”

Pichette went on to say that “these results demonstrate the value of search and search ads to our users and customers, as well as the extraordinary potential of areas like display and mobile. It's clear that our past investments have been crucial to our success today--which is why we continue to invest for the long term.”

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Here are the highlights from Google’s Q1 financial results:

Total revenues - $8.58 billion , 27% more compared to Q1 2010.
Google sites revenues - $5.88 billion were generated by Google-owned sites, 32% more compared to Q1 2010.
Google network revenues - $2.43 billion were generated by partner sites through AdSense programs; it is a 19% increase compared to Q1 2010.

Additional information on Google’s Q1 financial results is available here .

Moving on, Apple made public the financial results for its Q2 2011 that ended on the 26th of March 2011. Apple reported a record 83% revenue growth and a stellar 95% profit growth.

Here are the figures Apple made public:

Total revenue – $24.67 billion.
Net profit – $5.99 billion , or $6.40 per diluted share.
Sold merchandise – in Q2 Apple sold 3.76 million Macs, 18.65 million iPhones, 9.02 million iPods, and 4.69 million iPads.

“We are extremely pleased with our record March quarter revenue and earnings and cash flow from operations of over $6.2 billion,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the third fiscal quarter of 2011, we expect revenue of about $23 billion and we expect diluted earnings per share of about $5.03.”

“With quarterly revenue growth of 83 percent and profit growth of 95 percent, we’re firing on all cylinders,” said Steve Jobs, Apple’s CEO. “We will continue to innovate on all fronts throughout the remainder of the year.”

Additional information on Apple’s Q2 financial results is available here .

Tags: Google, Apple, Revenue
About the author: George Norman
George is a news editor.
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