Google reports $14.42 billion as revenue in fourth quarter; increase of 36% from previous year

In terms of revenue, 2012 will be among the best years Google ever had when the search engine giant exceeded expectations and posted a mammoth US $14.42 billion in revenue for the fourth quarter of 2012, a massive increase of 36% from the previous year.

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Google generated total revenue of US $50.18 billion from all four quarters of 2012 when compared to US $37.91 billion in 2011, thus crossing the 50-billion mark in a year for the first time!

“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.” – Larry Page, Google CEO

Other interesting highlights are:

  • Google has $48.1 billion in cash and cash equivalents on hand.
  • It has 53,861 full time employees — 37,544 for Google, 11,113 for Motorola Mobile and 5,204 for Motorola Home. That’s up from 53,546 employees in September 2012.
  • International revenues constitute 54 percent of Google revenues in the fourth quarter of 2012
  • Motorola Mobile didn’t turn out to be a sweet deal for Google as the division lost US $152 million in the fourth quarter.

Google has been on a great run the previous year. 2013 seems to be interesting too with the possible launch of Google’s highly expensive dream project – Google Glasses sometime down this year.

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Susannah Lindsay quit her job a few years back to settle down in a life of domesticity. She has been living in Los Angeles for the last three years, and enjoys following new gadget releases and the latest happenings on the technological front.