Google has reported revenues of $8.44bn for the fourth quarter of 2010, an increase of 26% compared $6.67bn for the same period last year.
The Mountain View, California-based company has posted an operating income of $2.98bn, or 35% of revenues, compared to an operating income of $2.48bn, or 37% of revenues, for the same period a year ago.
For the quarter ended December, 31, 2010, the company reported a net income of $2.54bn, compared to $1.97bn for the corresponding period last year.
Google-owned sites generated revenues of $5.67bn, or 67% of total revenues, an increase of 28% compared to revenues of $4.42bn in the same period last year.
Google partner sites revenues through AdSense grew 22% to $2.5bn from fourth quarter 2009 network revenues of $2.04bn.
Geographically, revenues from outside of the US totalled $4.38bn, representing 52% of total revenues, while revenues from the UK totalled $878m, representing 10% of total revenues for the fourth quarter of 2010.
The company recognised a benefit of $25m to revenues through foreign exchange risk management program.
Google CEO Eric Schmidt said the company’s strong performance has been driven by a rapidly growing digital economy, continuous product innovation that benefits both users and advertisers, and by the extraordinary momentum of their newer businesses, such as display and mobile.
"These results give us the optimism and confidence to invest heavily in future growth, investments that will benefit our users, Google and the wider web," Schmidt said.
