Google has just posted its fourth quarter earnings for the calendar year 2012. The Internet giant raked in $14.42 billion in consolidated revenue (versus estimates of $12.3 billion), up 36 percent annually and eight percent sequentially. Excluding traffic acquisition costs and Motorola Home, quarterly revenue was $11.34 billion, up from $8.13 billion. The firm earned 54 percent of the revenue outside of the United States, or $6.9 billion.
Quarterly net income came in at $2.9 billion, a 6.7 percent increase (non-GAAP profit was $3.57 billion, up from $3.13 billion a year before). The company surpassed analysts' expectations on EPS, which was $10.65 on a non-GAAP basis versus the $10.54 consensus. So, even though revenue climbed substantially, profit was only up slightly.
Of note, Google's Motorola subsidiary (excluding the home biz) lost "only" 353 million, or 23 percent of the unit's quarterly revenue. Better batteries and impact-resistant design could be in the works for Motorola handsets. A live stream of the earnings call is included right after the break alongside other tidbits related to Apple, Maps, Nexus devices and more...
