Google reported revenues of $10.6 billion for Q4 2011, representing a 25 percent increase over the same period last year.

Full-year revenues for 2011 reached $37.9 billion, up from $29.3 billion in the previous 12 months.

“Google had a really strong quarter ending a great year,” said company CEO Larry Page.

However, the results were still not as good as some analysts had hoped for and Google’s share price fell by over one percent during the course of Thursday.

Although the California-based company doesn’t fully break down its operations when reporting its results, it did appear to register rises across its key areas of focus.

Google-owned sites generated revenues of $7.29 billion, or 69 percent of total revenues, in Q4 – a 29 percent increase over the same period last year.

For the whole of 2011, revenue from Google-owned sites grew to $26.1 billion, up from $19.4 billion in 2010.

Google’s partner sites generated revenues of $2.88 billion, or 27 percent of total revenues, in Q4 – a 15 percent increase.

Aggregate paid clicks, a key metric which includes clicks related to ads served on Google partner sites, increased 34 percent over the same period last year and was up 17 percent over the previous quarter.

International revenues proved the only slight blemish on the results. They remained flat overall, while their share of total company revenues fell two percent, to 53 percent, compared to Q3 mainly as a result of macroeconomic conditions.

Page nevertheless remains upbeat. “I am super excited about the growth of Android, Gmail, and Google+, which now has 90 million users globally – well over double what I announced just three months ago,” he said.

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