Google's revenue up 24 percent over 2011; stock split announced

Google this afternoon released its first-quarter 2012 earnings results. And as you can imagine, there are a lot of zeros in them. Specifically, revenue was at $10.65 billion for Q1 2012, 24 percent higher than in Q1 2011. Cash on hand at the end of March was $49.3 billion, and Google added about 600 jobs in Q1.

Additionally, Google announced what essentially is a stock split, creating a new class of non-voting capital stock that will be awarded via a dividend to existing stockholders in a one-to-one manner.

We'll be listening in on the conference call in a few minutes to see if there's any Android-specific news.

Source: Google Q1 2012 Earnings; Founders Letter

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