Google has come up with some pretty hefty results for its first quarter at present. The financial state of the big daddy of search engines was off to a fine start in 2013.
Google Inc. has officially announced its profit increase on its web site. The news is released through a press release and a YouTube video. Google revealed that its profit rises up to 16% with an amount of $3.35 billion.
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The revenue of almost $14 billion was announced by Google Inc. It is a good sign of progress and prosperity for the search engine that beats the rest. This was a 31% increase over the previous year. Google has shown that it can do it without the assistance of the others. The GAAP operating income happened to be one quarters of the revenue in 2013. The net income was $3.35 billion in the same duration. And as for the impact from net income, well, it turned out to be $9.94 on $337 million. Not a bad sight if you look at it from the view of fine-tuned finance.
The advertising-related revenues were: 12.95 billion or a whopping 93% of consolidated revenues. This shows that ads make up a major portion of the means of income. As for the site, it raised $8.64 billion. Within itself, Google is worth a lot. The partner sites came up with a figure of $3.26 billion. As for the miscellaneous revenues cashed in; they amounted to $1.05 billion. This may be a small figure but small figures add up to a lot. International revenues added up to $7.1 billion.
Google has renovated its image as a search engine of the highest order. Let’s hope this remains so for a long time into the future.
Image Credit: Glassdoor.com