News by Dan Seifert on Thursday July 19, 2012.
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Google just released its Q2 2012 financial report, and as usual, it was another quarter of growth for the company. This quarter, Google was able to complete its acquisition of Motorola Mobility, though based on Motorola's performance, it looks like Google has its work cut out for it.
Google reported revenues of $10.96 billion for Q2, a 21 percent increase over Q2 2011. Net income was up as well, at $2.79 billion compared to $2.51 billion in the same quarter last year. Of note here, while revenues and income were both up, Google's profit margin decreased compared to last year.
Revenues were more than the $10.65 billion reported in Q1, but net income was down from Q1's $2.89 billion. Google now has $43.1 billion in cash and assets, and with the acquisition of Motorola, counts 54,604 full-time employees (34,311 for Google and 20,293 for Motorola).
Google included Motorola's performance in its report, and it says the company lost a total of $223 million on $1.25 billion in revenue. The loss is significantly more than the $86 million Motorola bled out in Q1, and revenues were less than half of the $3.1 billion the company brought in during the first quarter. Google did not say exactly how many mobile devices Motorola shipped, but based on the financial data, it sure looks like it has its hands full with its new baby.
Google will be hosting an investor call this afternoon and we will be tuned in to see if there is any news concerning it or Motorola's plans.
Dan is MobileBurn.com's Editor-in-Chief. Based in Poughkeepsie in New York, Dan can be found on Twitter as @DCSeifert.