
Google has released its Q1 2012 revenue earnings — and business is good! Revenue for Q1 2012 came in at $10.65 billion, up 24% from Q1 2011. Overall, the majority of revenue avenues saw growth despite Google’s willingness to explore risky projects. Google ended up with a hefty $49.3 billion cash on hand and looks to continue growing that stockpile as they move forward in the year. In the earnings call today, Larry Page talked mostly about their dedication to the long-term and points out how many of their projects don’t reach critical mass for quite a few years. For example, Larry points out that he’s been working on Android for 6 years and it wasn’t until the past 3 years that Android has begun to really explode.