Google Boosted Profits in Fourth Quarter
After a shaky third quarter, Google's profits rose by 6.6 percent in the fourth quarter of 2012 to $2.89 billion, as advertising revenue grew despite continued erosion of the average cost-per-click.
After a shaky third quarter, Google’s profits rose by 6.6 percent in the fourth quarter of 2012 to $2.89 billion, as advertising revenue grew despite continued erosion of the average cost-per-click.
“We hit $50 billion in revenues for the first time last year – 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,” said CEO Larry Page in a statement.
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