No, $174m for a $163m budget is not a profit. You need to add Marketing costs onto the $163m, which is generally believed to be about 50%, I believe. Therefore, the cost would be $163m + 80m +/-Well, I went to the BoxOfficeMojo site and they said the global take was $174m. So, with a cost of $163m, that means the studio had an $11m profit. Not much compared to other films. But, it did have the virtue of "earning out" (making more than it cost to make). DVD/BluRay sales will add to that take as will sales to PPV outlets and cable.
Whether there will be a sequel or not will probably depend on the total take. However, there may be problems getting Daniel Craig to reprise his role now that James Bond has been brought back to life. A lot of critics don't like James Bond either. But the franchise did have a history of being a cash-cow for MGM ... and if handled right, it will continue to be a cash-cow for Sony/Columbia.
Also, International Box Office is a much smaller take for the Studio than Domestic, so you need to deduct from the $174m, a percentage of the Foreign portion.