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Google Q3 2011 revenue rises by 33%

October 16th, 2011 Leave a comment Go to comments

The google’s third quarter result surprised even its die hard supporters. Riding on the back of abundant Adsense revenue, the Q3 revenue rose to¬† $9.72, just shy of the $10 billion mark, up by 33% a year ago. The third quarter profit rose from $2.17b a year ago to $2.73b.

This is when google’s new google plus has yet to make any significant contribution to the revenue. Google plus now has 40 plus million members (and rising fast). While it is still about a tenth of facebooks 700 plus million member, google expects to close the gap sooner than later. If google can come close to a third of the facebook members, it can expect it to be significant source of the revenue.

Google’s $12 billion acquisition of Motorola is still being analyzed by the industry experts. The acquisition gives google an upper hand in the mobile segments with a huge pile of the motorola’s patent portfolio, that industry experts feel – will give enough power to sustain its Android platform and help fight competition from Apple’s iPhone and iPad.

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  1. November 17th, 2011 at 18:03 | #1

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  2. January 19th, 2012 at 20:43 | #2

    how fast is exactly Google plus is rising how can you tell, the fact that Google missed was a great disappointment to lots of small investors like myself. I think Google should be at the most $100. so many people lost their money because of stupid advises like yours – stop pumping this stock let it sink to low $400 and then pump it please stop this nonsense. Google’s first mistake was to acquire MMI, the second and most important mistake Google made was to provide almost free phone expecting to earn money down the road. People like you caused many investor’s loss huge amount of money. as far as I can say you can go to hell and never come back