Friday, November 28, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Xbox And Playstation black Friday Deals
Toshiba Launches ARM-Based Application Processors with Sound, Image Data-Mining and Security Functions
Pioneer To Release The BDR-XU03JM Portable Blu-ray Drive For Macs
Syrian Electronic Army targets CNBC, Telegraph, Independent, PCWorld
GoPro Camera Drones In The Works: report
European Parliament Votes To Break Up Google
LG Electronics Streamlines Structure, Names New Presidents of Home and Mobile Segments
Microsoft Accidentally Anounced Acquisition Of Acompli
Active Discussions
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
Copied dvd's say blank in computer only
Made video, won't play back easily
New Features In Firefox 33
updated tests for dvd and cd burners
 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
European Parliament Votes To Break Up Google
Europe Wants Right-to-be Forgotten to Go Globally
Europe To Ask Google Unlink Its Commercial And Search Services
Google Contributor Lets You Pay And And See No Ads In Your Favorite Sites
Google To Use Digital Billboard in Times Square
Google To Help Users Find Mobile-friendly Pages
Researchers Advance Image Recognition Technology
Google Increases Nobel Prize in Computing
Google Brings Fiber Plan to Businesses in Kansas City
European Antitrust Chief Says Google Probe Is Complicated
Google Adds Games to Chromecast
Google and LG Enter Cross-Licensing Agreement

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 .