It couldn’t be explained in a way any more sincere:
“We ended 2013 with another great quarter of momentum and growth. Google’s standalone revenue was up 22 percent year on year, at $15.7 billion”, said Larry Page, CEO of Google in a statement today.
He went on, stating that, ”We made great progress across a wide range of product improvements and business goals. I’m also very excited about improving people’s lives even more with continued hard work on our user experiences.”
The words of Google’s CEO are simply stating the following: the company made $16.86 billion revenue, and were very much in line with Wall Street’s expectations for the company. The number represents a 22% year-over-year increase for that quarter.
What contributed towards the success? The Google Play Store and lots of hardware sales, interestingly. That’s according to Patrick Pichette, Google’s chief financial officer:”Play hardware sales drove a big chunk of quarter-over-quarter growth. Nexus 5 was very strong for us, and the Chromecast was a best seller all quarter.”
The big G continues its grandiose accumulations.