Saturday, August 02, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
French Carrier Iliad To Bid For T-Mobile
Google's Ambitious Secret Barge Project Was Scarped
Chinese Smartphones Boost Sharp's 1Q Operating Profit
HP's Luxury Smartwatch Coming This Fall
Tessera and Micron Execute New Technology and Patent License Agreements
Sony Releases The AS20 Action Cam, New Cyber-shots
Microsoft Releases New Limited Edition Wireless Mobile Mouse 3500 With Master Chief from Halo
Researchers Discover New Smartphone Flaws
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > General Computing > Google ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, January 23, 2013
Google Reported Increased 2012 Profit, Revenue


Google reported that its profit climbed and its annual revenue hit an unprecedented high last year as it evolved to stay in tune with people using smartphones and tablets.

"We ended 2012 with a strong quarter," said Google co-founder and chief executive Larry Page. "We hit $50 billion in revenues for the first time last year; not a bad achievement in just a decade and a half."

The fourth quarter profit was up 6.7 percent from a year earlier at $2.89 billion, and for the full year Google's earnings grew 10 percent to $10.74 billion.

Revenue in the quarter that ended December 31 was up 36 percent from the same period a year earlier at $14.4 billion. For the year, revenues grew to $50.2 billion.

In a conference call with financial analysts, Google executives stressed how the company is connecting with people on smartphones and tablets, and cautioned that it would take time to get freshly acquired Motorola Mobility on course.

Page said he was excited about progress Google has made in handling search queries spoken to mobile devices and described the online Play shop for music, books, applications and other digital content as "on fire."

Google's mapping service program tailored for Apple gadgets running on the iOS platform have been a hit, Page said, adding that its search and email programs are also popular on Apple devices.

Google has been selling unwanted Motorola Mobility assets since it completed its $12.5 billion takeover of the company last year.

Chief financial officer Patrick Pichette said during the earnings call that the Internet giant has "12 to 18 months of product pipeline it is still working through" at Motorola.

In December, Google announced it was selling the Motorola Mobility Home unit to ARRIS in a cash and stock deal valued at $2.35 billion.

Google also saw success with experiments tying real-world shopping to smartphones, according to executives.


Previous
Next
Google Receives More Requests From Governments To Unveil Users' Data        All News        AMD's Revenue Tops Estimates
Google Receives More Requests From Governments To Unveil Users' Data     General Computing News      Microsoft May Invest in Dell Buyout: report

Get RSS feed Easy Print E-Mail this Message

Related News
Google's Ambitious Secret Barge Project Was Scarped
Google To Show Ratings to Search-Results Ads
Google Does Not Confirm to $1 Billion Acquisition Of Twitch
Google Implemented "Right To Be Forgotten" Ruling Inadequately, EC says
European Regulators May Need Extra Concessions From Google
Google Profit And Revenue Jump
Google Plus No Longer Requires Real Names
Google To Combat Zero-day Attacks With Project Zero
Google And Novartis To Offer Smart Lens
Google To Invest $100 Million To European StartUps
Google Restores Search Links To British Newspaper Articles
Google Buys Songza

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .