Search giant Google is revelling in its success today after posting its first-ever $50 billion year in revenue and exceeding Wall Street projections for the company's financial results.

 The California-based tech company generated $14.42 billion in the December quarter (an increase of 26% from the same quarter in 2011) and smashed Wall Street's estimates of $12.36 billion in revenue for the quarter. Paid clicks increased 24% year on year and were up 9% from the last quarter, despite this growth was tempered by a 6% fall in cost-per-click.



"We ended 2012 with a strong quarter," said Larry Page, Google's co-founder and CEO. "Revenues were up 36% year-on-year, and 8% quarter-on-quarter. And we hit $50bn in revenues for the first time – not a bad achievement in just a decade and a half."