Google’s Financials in 2014
Google is next to reveal their financial performance this time round for last year’s performance as a whole and in the final quarter of 2014. Firstly, they snagged about US$18.1 million in the fourth quarter of 2014 – a 15% increase from the same period in the previous year, 2013. The net income for Q4 2014 is reported to be US$4.76 billion (MYR17.15 billion), which is an increase from Q4 2013’s US$3.38 billion (MYR12.18 billion) – growth of about 41%!
Next, as a whole, Google’s revenue is reported to be US$66 billion (MYR237.8 billion) – up 19% over 2013’s records. It’s a pretty huge amount for the search giant, but if compared to Apple’s records, they still fell short. But then again, everyone else seems to fall short if they were to be compared to Apple, yes?
According to Google, about 56% of their quarterly revenues were from out of U.S. This means that about US$10.23 billion (MYR36.8 billion) is made outside U.S. About 69% of their total revenues from Google-owned sites were generated in Q4 with the amount of US$12.43 billion (MYR24.8 billion)- an increase of 18% of that in 2013.
Last late October, Google has closed a deal with Lenovo to sell off Motorola. The sale has resulted Google gaining US$740 million (MYR2.67 billion), excluding taxes. Google’s biggest gainer was Android, and whilst no details were shared on the financials of it, reports stated that over a billion Android devices were sold worldwide last year – which is nothing but good news for Google!
During the earnings call for Google, however, Google admitted that whilst they were still having Motorola that launched Nexus 6, they did not keep up with the demands of the market. Thus, they have limited their sales of the handset. They expressed regrets saying that they should have kept up with demands. No words were said to explain why they didn’t keep up demands, but some say it could be because of hardware issues or maybe problems from several components.
All in all, Google had a great year in 2014. Hopefully they will be able to do as well this year !