Google just released its earnings report for Q2 2013, announcing $9.56 per share on consolidated revenue of $14.11 billion, up 19% year-over-year. That’s compared to the 31% growth with $13.9 billion in revenue it reported last quarter, and the $12.12B in revenue it reported in the year ago quarter. It’s also slightly lower than the average of around $14.45 billion in revenue and $10.79 per share Wall Street was expecting. Google also reported $54.4 billion in cash and cash equivalents and operating income of $3.12B (22% of revenues), down from $3.24 billion last year.
“Google had a great quarter with over $14 billion in revenue – up 19% year-on-year,” said Larry Page, CEO of Google. “The shift from one screen to multiple screens and mobility creates tremendous opportunity for Google. With more devices, more information, and more activity online than ever, the potential to improve people’s lives even more is immense.”
Google’s Motorola unit reported revenues of $998 million, up from $843 million in the year ago quarter, which accounts for 7% of total consolidated revenues. However, Google also notes that “GAAP operating loss for Motorola Mobile was $342 million, or -34% of Motorola Mobile revenues” in the quarter, up from $199 million a year ago.
Google’s headcount is also way down from 53,891 full-time employees to 44,777, mostly thanks to around 10K employees axed from Motorola alone in recent months.
GOOG closed the day hovering around 910 but dropped to 865, down approximately 5%, in after hours trading.
The full report is below: Read more