Good times for Google as Q1 financial results come in, 350K Android devices get activated daily

It’s the time of the year when companies announce their financial results for the first quarter and Google has just posted theirs. All in all it’s been a good three months for Google and Android. The company has managed to surpass last quarter’s results, while Android has been steadily and surely winning people’s hearts… and hard-earned cash.

Let’s get the numbers rolling. Google’s gross revenue for the first quarter of 2011 accounts for $8.58 billion, which is a serious 27% increase over the first quarter of 2010. That does sound great, but it’s actually a bit less than that, because Google hasn’t included its “traffic acquisition” costs, which add up to $2.04 billion, cutting down the profits to $6.54 billion.

Still, it doesn’t sound bad at all. Net income is $2.3 billion, compared to the $1.96 billion Google made in the same quarter a year ago. The number of employees working for the search giant have increased from 24,400 full-time employees as of December 31, 2010 to 26,316 employees as of March 31, 2011.

Android is also doing pretty well lately. The mobile OS managed to hit the 3 billion downloaded apps. Just don’t get overexcited, alright? Android is still far behind Apple’s 10 billion apps achievement from January, but Android is getting there quickly. They managed to jump from 2 billion apps downloaded, to the 3 billion apps mark in just 2 months.

This also proves the next big number that Android achieved – 350,000 new Android devices are activated each day! This stacks up to 10,5 million new Android devices each month. From now on it seems that the sky is the limit, but we’ll see if Google manages to keep the charts growing.

Source