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Showing posts with label Annual Report. Show all posts
Showing posts with label Annual Report. Show all posts

July 23, 2012

Motorola Acquisition Powers Google Revenue by 35%


Google Revenue Grows by 35 Percent - Datamation: "Despite challenging economic conditions worldwide, Google continues to grow in 2012.

For the second quarter of 2012, Google reported revenue of $12.21 billion, up by 35 percent on a year-over-year basis. Net Income was reported at $2.79 billion, up from $2.51 billion in the first quarter of 2011. Earnings Per Share came in at $8.42 up from $7.68 a year ago.

Google's financial statements for the second quarter were bolstered by the inclusion of Motorola Mobility. Google acquired Motorola Mobility for $12.5 billion in a deal that officially closed in May. Without the Motorola Mobility component, Google's stand alone revenue grew by 21 percent to $11 billion.

At the heart of Google's standalone results are revenues from Google websites. For the second quarter, Google website revenue came in at $7.5 billion for a 21 percent year-over-year gain.

"So the core metrics of Google standalone business continue to perform very well against the backdrop of a somewhat difficult global economic environment," Patrick Pichette, Senior Vice President and Chief Financial Officer, said during the company's earnings call."