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Friday, April 19, 2013

Google quarterly results show profits up but Motorola Mobility still losing money

The first quarter 2013 financial results for Google show consolidated revenue of $13.97 billion (£9.1 billion; up 31% year-on-year) and net income of $3.35 billion (up 16% year-on-year).

Google’s UK revenue was $1.39 billion; 11% of its Q1 2013 revenue, which is the same percentage as a year ago.

Revenue at Motorola Mobility was $1.02 billion. The business, acquired by Google last year, made a $271 million operating loss in the quarter.

Larry Page, Google’s CEO, said “We had a very strong start to 2013, with $14.0 billion in revenue, up 31% year-on-year. We are working hard and investing in our products that aim to improve billions of people’s lives all around the world.”

[Financial data (pdf)]

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Author: The Fonecast
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