On the technology-heavy Nasdaq index, shares of internet giant Google Inc gained 6 percent in early trading on Wednesday after posting improved quarterly profits. Since going public in 2004 the company has grown tremendously, passing the $50 billion revenue mark for the first time last year.
Despite lingering concerns about its transition to mobile, Google ended 2012 with a strong fourth quarter. As the company reported yesterday, full-year revenues topped $50 billion for the first time last year, while full-year profits soared to new highs of $10.75 billion.
Google’s stock price reacted positively in after-hours trading, reaching $741.50, as the results beat Wall Street expectations. Larry Page, Chief Executive Officer of Google, said:
To put this growth in context, check out this infographic by Statista below.