Google proposes stock split as profit soars

By Staff Reporter
AFP Global Edition

Apr 12, 2012 16:25 EDT

Google on Thursday posted a quarterly profit of $2.89 billion and said its board is backing a proposal for a stock split.

Google revenue in the quarter ended March 31 was $10.65 billion, a 24 percent jump from the same period last year.

The California company's nearly $3 billion in net income for the quarter was more than a $1 billion higher than the first quarter of last year, according to Google.

"Google had another great quarter," said company co-founder and chief executive Larry Page.

"We also saw tremendous momentum from the big bets we've made in products like Android, Chrome and YouTube."

Source: AFP Global Edition

 

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