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Google 2012 revenue hits $50 billion

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Google on Tuesday reported that its annual revenue topped $50 billion for the first time last year, as the Internet titan reported rising profits. 

The Google logo is seen on a tablet screen on December 4, 2012 in Paris. Google on Tuesday reported that its annual revenue hit $50 billion for the first time at the end of last year, as the Internet giant posted a quarterly profit of $2.89 billion.

"We ended 2012 with a strong quarter," said Google co-founder and chief executive Larry Page. "We hit $50 billion in revenues for the first time last year; not a bad achievement in just a decade and a half."

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