Google Q4 Earnings Out: Revenue Rises By 7% Year Over Year

By: Gizbot Bureau

Software giant Google has registered a slightly bigger earning in the fourth quarter of 2012. This comes even after a financial setback the search giant faced on account of attempting device manufacturing and a significantly lower pricing of digital ads. The new results have boosted the Google's stock by 5 per cent.

The reason for major revenue would be the ads that inundated the search giant in festival seasons. Google's revenue is $12.1 billion in the fourth quarter which is a 19 per cent increase compared to previous quarter. The company has not included acquisition costs in the revenue.

Google Q4 Earnings Out: Revenue Rises By 7% Year Over Year

The advertisers are seen shifting to smartphones away from personal computers to reach the online services of Google and others. It is also seen that about one-fourth of Google's search results came from mobiles. Google's ad prices have dropped by 6 per cent in this quarter compared to same quarter in 2011.

The earnings of Google now accounts to $2.9 billion during the fourth quarter. It comes to a value of $ 8.62 per share. The net income last year was $2.7billion or a value of $8.22 per share. Google also said it was possible for it to have earned revenue of $10. 65 per share, if there were no costs of compensation of employee stocks and other accounting items.

Google this year had acquired Motorola for $12.4 billion and also started rolling out Nexus devices. Nexus sales have brought more revenue to Google with its break-through sales. In these lines the company has earned a profit of $14.4 billion which is 36 per cent higher than last year.

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