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Motorola boosts Google revenue

 Google has reported a profit of $2.79 billion in the second quarter, up 11% over the same period of last year, in the company’s first financial statement since it finalized its acquisition of Motorola Mobility in May.

Motorola brought in $1.25 billion in revenue in the quarter that ended June 30, about 10% of Google‘s total revenue. But Motorola also accounted for an operating loss of $233 million, which brought Google’s total operating income down as a percent of its revenue by 6 percentage points.

Google’s total revenue, including Motorola sales, was $12.21 billion, compared with $9.02 billion a year earlier.

During a conference call to discuss the results, analysts asked Google executives what changes the company might make at Motorola. They declined to give specifics.

“Clearly, everybody should expect some changes at Motorola. We’re in the process of evaluating every division, but we need time to do our homework since we’ve only been there a few weeks,” said Nikesh Arora, Google’s senior vice president and chief business officer.

Google seems to be betting on expanding its foray into making devices.  Read More

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Posted on July 19, 2012, in #technology and tagged , , , , , . Bookmark the permalink. Leave a comment.

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