Google has released its financial report for the fourth quarter 2012 as well as the total sales for the year. Revenue for the fourth quarter which ended December 31, 2012 was at $14.42 billion, a 36 percent increase year-over-year. Profits for the quarter increased to $2.89 billion, from $2.71 billion the same quarter 2011.
Total sales for 2012 reached $50.18 billion for the first time in the company's history. Revenue in 2011 reached $37.91 billion. Profits for the full year increased to $10.74 billion, from $9.74 billion a year ago.
"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 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."