Friday, 20 July 2012

Google posts Q2 report, things are looking good despite Moto loss

Tags: Google
Today, Google posted its financial report for the three months ending in June and things are looking good for the software giant. The total revenue was $12.21 billion, representing a pretty huge increase of 35% compared to the second quarter of 2011.
Operating income was $3.20 billion, compared to $2.88 billion in the year-ago quarter and the net income stood at $2.79 billion, compared to $2.51 billion in the second quarter of 2011. This means that despite the stagnating markets in some of the developed countries Google's business is still on the rise.

The results were achieved despite the faltering performance of Motorola (which is now a wholly owned Google subsidiary). The Android manufacturer posted a loss of $233 million, despite scoring revenue of $1.25 billion (of which $843 million came from the mobile segment and $407 million from the home segment) and damaged the overall Google performance a bit.
Google promised to allow Motorola Mobility continue to operate as before after the acquisition, but if the hardware manufacturer continues to cost so much money, it may be forced to take some measures (if it hasn't done so already).
There were no new numbers on the Android adoption quoted this time, but Google did mention that it's really excited about the reception its Nexus 7 tablet is getting.

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