Google just announced its Q1 2012 earnings before the live call set to start at 4:30 p.m. EST.

The Mountain View-based Company is reporting revenues are up 24 percent year-over-year. Revenue is at $10.65 billion, and net income is at $2.9 billion for the quarter. Sites owned by Google generated $7.31 billion in revenue, which accounts for 69 percent of total revenues. International revenues for the company totaled $5.77 billion (or 54 percent) of total revenue.

As of today, Google has $49.3 billion in cash or cash equivalents. The company also had 32,467 full-time employees at the end of 2011.

You can read the full press release after the break:

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