Google's fourth-quarter revenue jumps 36 percent

January 23, 2013

Google’s fourth-quarter revenue was up 36 percent from the previous year, thanks to continued growth in its advertising business. Revenue for the quarter, which ended Dec. 31, was $14.42 billion, up from $10.6 billion a year earlier, Google announced Tuesday. The figures exclude the commissions and fees that Google pays to other sites that run its ads. Taking those into account, revenue for the last quarter was $11.34 billion. Net income was $2.89 billion, or $8.62 a share, compared to $2.71 billion, or $8.22 per share, in the fourth quarter a year earlier, Google said. The latest figure includes the loss from Motorola’s Home business division, which Google agreed to sell in December. On a pro forma basis, which excludes the Motorola loss and other items, net income would have been $3.57 billion, or $10.65 a share, compared to $3.13 billion, or $9.50 per share, in the fourth quarter of 2011.To read this article in full or to leave a comment, please click here

Link: http://www.pcworld.com/article/2025965/googles-fourth-quarter-revenue-jumps-36-percent.html