Finance

Google announces third quarter financial results, revenues of 10 billion, more

The Google 2011 quarter 3 earnings call is currently under way as we speak. You can follow along at the YouTube Webcast and they've posted the full financial results for Q3 and the year in general. Google, you are some rich dudes. Sifting through the notes just released today it appears things are still moving along just fine for Google. Revenues from Q3 2010 to now has increased 33% year over year, and this quarter alone they've brought in around 10 billion in revenue. Sounds nice right?

Google Announces Q2 Revenue up 32% Over Last Year

I know you guys don't want to hear it or even see it, but I know some care to read about the outrageously huge amounts of money Google makes. They have just released the second quarter 2011 financial results and they are pretty impressive to say the least. Guess what -- to no ones surprise they are up a whopping 32% from this time last year. I expected these sorts of numbers so I wont say this comes as a shocker, because it doesn't. Reports suggest revenues of $9.03 billion for the quarter ended June 30, 2011, an increase of 32% compared to the second quarter of 2010. I pretty large increase over the $6.82 billion earned for the second three months of 2010. GAAP net income was $2.51 billion, up from $1.84 billion in Q2 2010 and the numbers are increasing this way basically across the board. Things are good over at Googleville.
Google-owned sites generated huge revenues of $6.23 billion, or 69% of total revenues, in the second quarter of 2011. This represents a 39% increase over second quarter 2010 revenues of $4.50 billion.
Showing that Google-owned sites accumulate around 70% of the total revenues, I guess this is why they want everyone clicking on ads, and hitting that +1 button for Google+ these days. I wont get down to all the details because you can check out the earning via the source link below if you want to be jealous. They do mention that their Cash and cash equivalents adds up to over $39 billion, yes I said billion. Google has also been pretty busy and hired a few more employees this last few months too, number of employees rose to 28,768 as of June 30, 2011, up from 26,316 as of March 31, 2011, More details below. [via Google]

Binatone iHome Phone – Android based Home Phone

This may revitalize the use of landlines. Today, most of us use our mobile devices exclusively for our telecommunications needs. Personally I haven't used my landline in years, it’s just there as a backup. This home unit is a beauty and nobody will ever know it’s a landline (unless you take it too far and it drops your call). Tons of specs are after the break.

G1 Not Carrier Switch-Worthy?

According to Q4 earnings reports, T-Mobile has reported just 621,000 new customers for the final 3 months of 2008, a 35 percent drop in new subscribers from the same period in 2007. That brings T-Mobile's total subscriber base to an estimated 32.8 million users.
1 2