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Monday, July 22, 2013

Google reveals quarterly results

Google has announced its quarterly results for the three months until 30th June 2013. Revenue was up 19% year-on-year to $14.11 billion and net income was up 16% to $3.23 billion (£2.11 billion), although operating income was down slightly to $3.12 billion (£2.04 billion).

Revenue at Motorola Mobile increased to $998 million (£652 million), although operating losses grew to $342 million (£224 million).

Larry Page, CEO of Google, said “Google had a great quarter with over $14 billion in revenue – up 19% year-on-year. The shift from one screen to multiple screens and mobility creates tremendous opportunity for Google. With more devices, more information, and more activity online than ever, the potential to improve people’s lives even more is immense.”

The company had 40,178 full-time employees at Google and 4,599 working for Motorola Mobile at the end of June, having more than halved Motorola staffing from the previous quarter.

Google has a press conference scheduled for Wednesday, when more details about the next version of Android are expected. Its Motorola subsidiary has arranged a press meeting on 1st August, sending invitations that refer to a ‘moto x’ device.

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Author: The Fonecast
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