Google announces Q2 2012 earnings and sees 21 percent growth

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http://www.talkandroid.com – Today Google announced their Q2 earnings, reporting 21% growth year over year for revenue, to the tune of $10.96 billion. GAAP income was also listed coming in at $2.79 billion, up from 2.51 billion in Q2 of 2011. As of Q2, Google reports having $43.1 billion in cash reserves and equivalents. The Mountain View company also increased their workforce by about 5,600 people, very impressive if I might add. In light of Google’s acquisition of Motorola, their revenue was also listed on the earnings sheet. Revenue for “hardware and other” was listed at $1.25 billion with $843 mill (IT news)