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January 23, 2013 02:47 am GMT

Google Has Its First $50 Billion Year


It looks like 2012 was a pretty good year for Google.

The company hit $50 billion in annual revenue last year for the first time ever thanks in part to the strength of its fourth quarter earnings. Google generated $14.42 billion in the December quarter, an increase of 26% from the same quarter in 2011, and beating Wall Street's estimates of $12.36 billion in revenue for the quarter.

By comparison, Google generated just under $38 billion in revenues in 2011.

"We ended 2012 with a strong quarter, said Larry Page, CEO of Google. 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…
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More About: Google, stocks


Original Link: http://feeds.mashable.com/~r/Mashable/~3/LKApAIfL29Q/

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