The Straits Times
Published on Jan 23, 2013

Google 2012 revenue hits $61.4 billion, profits up


SAN FRANCISCO (AFP) - Google on Tuesday reported that its annual revenue topped US$50 billion (S$61.4 billion) for the first time last year, as the Internet titan reported rising profits.

"We ended 2012 with a strong quarter," said Google co-founder and chief executive Larry Page.

"We hit US$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 per cent from a year earlier at US$2.89 billion, and for the full year Google's earnings grew 10 per cent to US$10.74 billion.