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Announces First Quarter 2012 Results and Proposal for New Class of Stock
Proposal Would Effectively Implement 2-for-1 Stock Split While Preserving Long-Term Governance Structure Download PDF version [106K] MOUNTAIN VIEW, Calif. – April 12, 2012 - Google Inc. (NASDAQ: GOOG) today announced financial results for the quarter ended March 31, 2012. “Google had another great quarter with revenues up 24% year on year,” said Larry Page, CEO of Google. Google announced today that its Board of Directors unanimously approved a stock dividend proposal designed to preserve the corporate structure that has allowed Google to remain focused on the long term. Q1 Financial Summary Google reported revenues of $10.65 billion for the quarter ended March 31, 2012, an increase of 24% compared to the first quarter of 2011. Google reports operating income, operating margin, net income, and earnings per share (EPS) on a GAAP and non-GAAP basis. GAAP operating income in the first quarter of 2012 was $3.39 billion, or 32% of revenues. Q1 Financial Highlights Non-GAAP net income and EPS.
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