Google Revenue Hits $50 Billion
Google ended 2012 with a strong holiday quarter. The search giant posted revenue of $14.4 billion for the fourth quarter, ending the year with total revenue passing $50 billion for the first time.
Net income for the fourth quarter came in at $2.89 billion, including a loss from the recently sold Motorola Home business. For the full fiscal year 2012, Google posted a net profit of $10.75 billion.
Google’s stock price reacted positively in after hours trading, as the results slightly beat Wall Street’s expectations.
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