May 21, 2013

Google shares surge on record $50bn revenue for 2012

Google’s share price surged by as much as five percent in after hours trading as it revealed a 7 percent increase in quarterly net income. Net income during the last tree months of th year reached $2.89bn.

The latest update from Google confirmed that the Internet giant achieved an annual revenue record of $50.2bn.

Speaking in reference to the results, Google CEO Larry Page commented that it was  “not a a bad achievement in just a decade and a half.”

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