Google revenues rise, margins fall after Motorola takeover

News Broadband Global 20 JUL 2012
Google revenues rise, margins fall after Motorola takeover
Google reported second-quarter revenues of USD 12.21 billion, up 35 percent from a year earlier. Growth was helped by the takeover of Motorola Mobility from 22 May. On a standalone basis, Google posted sales of USD 10.96 billion, up 21 percent year-on-year. Motorola contributed revenues of USD 1.25 billion, including USD 843 million from the mobile segment and USD 407 million from the home segment. Google's operating profit rose to USD 3.20 billion from USD 2.88 billion a year ago, while the margin dropped to 26 percent from 32 percent. The result includes a loss of USD 233 million for Motorola, of which USD 192 million came from its mobile activities and USD 41 million from home products. The group's net profit reach USD 2.51 billion or USD 8.42 per share, up from USD 2.51 billion or USD 7.68 per share in the year-earlier period. Google generated free cash flow of USD 3.48 billion in the quarter and finished June with total cash of USD 43.1 billion.

Categories:

Internet,  Mobile

Companies:

Google,  Motorola Mobility

Regions:

Global

Tags:

Financial figures, Consumer devices, Portals / social media, Handsets, Advertising services

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