Google Beats Expectations: Q4 2012 Revenue Up 36 Percent To $14.42B, Net Income Up To $2.89B
Google reported its earnings for Q4 2012 today and the company came out strong with revenues of $14.42 billion for the quarter ending Dec. 31, 2012, up 36 percent from Q4 2011. These numbers beat analysts expectations of $12.3B in revenue.
Non-GAAP EPS in the fourth quarter of 2012 was $10.65, compared to $9.50 in the fourth quarter of 2011. GAAP net income, including net loss from discontinued operations in the fourth quarter of 2012, was $2.89 billion, compared to $2.71 billion in the fourth quarter of 2011.
Google’s net income in the fourth quarter was $2.89 billion ($8.62 per share), compared to $2.71 billion in the fourth quarter of 2011 ($8.22 per share).
“Revenues were up 36% year-on-year, and 8% quarter-on-quarter. And we hit $50 billion in revenues for the first time last year – not a bad achievement in just a decade and a half. In today’s multi-screen world we face tremendous opportunities as a technology company focused on user benefit. It’s an incredibly exciting time to be at Google.” said Larry Page, CEO of Google.