Saturday, April 19, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
HTC Hired Ex-Samsung Marketing Officer
Xbox One Wolrdwide Sales Cross 5 million
Samsung Works With GLOBALFOUNDRIES On 14 nm FinFET Offering
Facebook To Find Nearby Friends
Console Sales Lift AMD's First Quarter Results
LG Expands 'Second Screen' TV Ecosystem With Open-Source SDK
Amazon Announces Kindle Service For Samsung Devices
Nokia Halts Sales Of Lumia 2520 Tablet
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 Reports Lower Than Expected First Quarter revenue
Google Buys Solar-Drone Company
Google Glass Available April 15
Google Invests In Robot Company Savioke
Is Google TV Back On Track?
Google Paid $1.4 Million Fine In Italy
Turkey Intercepted Google's Public DNS
Government Requests For User Information Up 120 Percent Over Four Years: Google
Group Asks European Commission to Modify Google's Settlement Plan
Google Cuts Cloud Computing Prices
Ray-Ban, Oakley To Support Google Glass
Google Improves WebP Image Format In New Chrome

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 .