Google Q4 2011 earnings: $10.6 billion in revenue, 90 million Google+ users

Google just released its Q4 2011 financial report, and as is usually the case with the search giant, both revenues and profits are up from last year. The company reported $10.58 billion in revenue for Q4 2011 with net income of $2.71 billion.

Revenues were up 25 percent over the same quarter in 2010, and net income was up a modest $170 million over last year. Google pointed out that revenues for the entire year were up 29 percent over 2010. The company currently has $44.6 billion in cash and liquid assets.

Google said that both Android and Google+ saw significant growth in the last quarter, with the Google+ social network now boasting over 90 million users. We will be tuned in to the company's webcast in a few minutes for any other tidbits of information regarding Android's growth.