Google disseminated a press release to announce its financial results for the fourth quarter and the full fiscal year 2013, parts of which are reproduced in this case document Examine the press release and evaluate Google's operating performance as reported in the income statement disseminated along with the press release?

How would you evaluate the company's financial performance, in particular revenues and income from operations, for the fourth quarter of fiscal 2013? What about for the full fiscal year 2013? Consider revenue growth, income growth, and growth in profit margins (income relative to revenue) in your answer. 


The company's press release contains information about non-GAAP measures of financial performance for the fourth quarter of 2013. Examine the non-GAAP to GAAP reconciliation table. What accounts for the difference between GAAP net income and the non-GAAP measure of net income? Are you in accord with each of the company's adjustments in computing non-GAAP earnings? Why or why not?

Answer rating: 100% (QA)

Googles operating performance as reported in the income statement shows strong growth in both revenues and income from operations for the fourth quart... View the full answer