Breaking records and surpassing Wall Street’s expectations, Google has reported a profit of nearly $2 billion for fourth-quarter on Thursday.
On the backdrop of last week’s threat of Google pulling out of China over censorship and cyber spying, Google has reported a $1.97 billion. Fourth-quarter revenue totalled $6.7 billion, a 17% increase.
Google made serious efforts in 2009 to expand its revenue base with Google Apps, YouTube and its smartphone, but still the majority of profits still came from search engine advertising.
Google CFO Patrick Pichette said fourth-quarter results were "very strong" in many of the major markets the company operates in around the globe. Revenue from outside the United States totaled $3.5 billion, representing 53% of total revenue in the fourth quarter of 2009, up from 50% in the fourth quarter of 2008.
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