According to Google 2012 financial report, the internet search giant increased its net income by 10% to $10.74 billion. A share of Google came to cost $32.3 versus $30.2 in the year-earlier period.
Last year the corporation hauled in as much as $50.17 billion; its profits posted record growth by 32%. The revenue from its Motorola Mobility unit was $4.17 billion.
Despite a 6% decline in the average cost per click on ads on Google websites observed for the fifth quarter in a row, Google profits from advertisement grew by 20% and hit the level of $43.69 billion.
“We ended 2012 with a strong quarter. Revenues were up 36% year-on-year, and 8% quarter-on-quarter. And we hit $50 billion in revenues for the first time – not a bad achievement in just a decade and a half. In today's multiscreen world, we face tremendous opportunities as a technology company focused on user benefit,” said Google co-founder and chief executive Larry Page. He also highlighted a strong day for tech results.
