Google has reported a second quarter revenue of $12.21 billion, which is 35 percent higher than the previous year.
The software firm announced on Thursday that its financial statements presented a profit figure of $3.44 billion in the three-month period ending June 30, higher than its $3.32 billion earnings in the same quarter last year.
On the other hand, financial reports of the firm’s recently acquired phone maker, Motorola Mobility, presented a relative decrease in margins coming up with an 18.6 percent loss in total revenues.
“We can expect Motorola to continue to show some accounting variability, as is typical with the closing of such large transactions,” said Google CFO Patrick Pichette.
In terms of advertising revenues, reports show an increase in its spending with a record of 42 percent growth in paid click revenues despite prior worries that advertising revenue might decrease because of the ongoing worldwide financial crisis. However, cost-per-click (CPC) income went down to 16 percent.
In addition to the good news, Google’s shares went up 2.9 percent with an amount of $610.40 during after-hours trading, exceeding the expectations of analysts.
Google’s CEO Larry Page posted on Thursday, “Google standalone had a strong quarter with 21 per cent year-on-year revenue growth, and we launched a bunch of exciting new products at I/O – in particular the Nexus 7 tablet, which has received rave reviews.”
He also commented a positive outlook towards the future of Motorola in the company, with promising visions that would greatly contribute in the further realization of their goals.
“This quarter is also special because Motorola is now part of the Google family, and we’re excited about the potential to build great devices for users,” Page added.
In a conference call with Google, a spokesperson confirmed of Page’s condition, who lost his voice, and that enthusiasts will have to wait because the CEO will not be able to make any public appearances until further notice.
About Francis Rey Balolong
A coffee junkie who spends most of his time writing about the latest news on social media and mobile technology. I would definitely consider myself a nerd (in the coolest most hipster way possible). That being said, I love technology, music, writing, and all things mobile. Follow me: Google+ Twitter
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