Infographic: Charting Google’s Unstoppable Growth

By: EW News Desk Team   Date: 24 January 2013

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EconomyWatch, News Desk Team

 

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24 January 2013

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:

We ended 2012 with a strong quarter. 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.

To put this growth in context, check out this infographic by Statista below.

via Statista

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