Google has reported $14.42 billion in consolidated revenues and $2.9 billion in net income in fourth quarter (Q4) of 2012. Although the third quarter of 2012 saw downfall of Google’s profits but the last three months regained the profit growth.
The internet giant’s revenue is slightly more than the analysts’ expectations, which was $12.3 billion. Analysts are also amazed by the Google’s performance.
“Business looked really strong, especially from a profitability perspective – they really grew their margins in the core business, which is quite amazing,” Sameet Sinha from B Riley, said in a statement to BBC.
“Most of that strength seems to be coming from international markets, which grew revenues quite substantially – up 23%, year-over-year.”
Revenue of the company is 36% up from the last year. Moreover, the revenue is 8% up quarter-over-quarter and the company has gotten $50 billion in revenues for the first time in the last year. According to the company, the consolidated revenues would hit $15.24 billion after the inclusion of Motorola Home.
Earnings per share, as reported by the company, are $10.65 on a non-GAAP basis, as well as $8.62 using GAAP measurements.
In Q4, 54% of revenues came from outside of U.S. accounting for $6.9 billion.
Google has also reported an increase in the number of employees i.e. 53,861 overall compared to 53,546 globally in Q3 2012. However, Motorola lost 1,111 employees from last quarter.
“We ended 2012 with a strong quarter,” Larry Page, CEO of Google, said in a press release. “Revenues were up 36% year-on-year, and 8% quarter-on-quarter. And we hit $50 billion in revenues for the first time last year – not a bad achievement in just a decade and a half. In today’s multi-screen world we face tremendous opportunities as a technology company focused on user benefit. It’s an incredibly exciting time to be at Google.”