Google's Q4 revenue soars to $12.91 billionJanuary 23, 2013 - 09:48 AMT PanARMENIAN.Net - Google's revenue climbed 22 percent to $12.91 billion in the fourth quarter, TheWrap reported citing Reuters. The search giant consolidated its revenue to include the $14.42 billion in earnings from its Motorola Mobility mobile phone company. The quarterly revenue posting did not include money from Motorola's television set-top business, which Google recently agreed to sell. “We ended 2012 with a strong quarter,” Larry Page, CEO of Google, said in a statement. “Revenues were up 36 percent year-on-year, and 8 percent 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." However, the average cost-per-click, Google metric for the price advertisers pay for ads on the site, fell 6 percent from last year. That marked the fifth consecutive quarter of decline in price. But Google's core business generated a net revenue of $9.83 billion in the fourth quarter, besting the same quarter last year, which came in at $8.13 billion. And Motorola phone business suffered an operating loss of $353 million during the quarter. "In today’s multi-screen world we face tremendous opportunities as a technology company focused on user benefit," Page said. "It’s an incredibly exciting time to be at Google.” Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. |