Its results time again, the latest entrant who soon able present itself in front of whole world is Google. The company has announced that it will hold its quarterly conference call to discuss second quarter 2012 financial results on Thursday, July 19th at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) with earnings release prior to the call and can be found at investor.google.com.
From Q1 results:
The search giant 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 its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs (TAC). In the first quarter of 2012, TAC totaled $2.51 billion, or 25% of advertising revenues. That earnings per share figure compares favorable to the year-ago, Q1 number from 2011 of $5.51.
GAAP operating income in the first quarter of 2012 was $3.39 billion, or 32% of revenues. This compares to GAAP operating income of $2.30 billion, or 27% of revenues, in the first quarter of 2011. Non-GAAP operating income in the first quarter of 2012 was $3.94 billion, or 37% of revenues. This compares to non-GAAP operating income of $3.23 billion, or 38% of revenues, in the first quarter of 2011.
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