Google Reports $12 Billion In Q2 Revenue With Help From Motorola
Google has reported their second quarter of 2012 and has beat analyst expectations by reporting $1.25 billion in revenue from their Motorola subsidiary, which was about 10% of the company’s consolidated revenue. Google reported $12.21 billion in total revenue for the quarter.
Around $843 million of Motorola’s revenue came from their mobile business and the other $407 million came from set-top boxes made for homes. However Motorola reported an operating loss of $233 million ($192 million from the mobile business and $41 million from the home segment).
“Google standalone had a strong quarter with 21 percent 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,” stated Google CEO Larry Page. “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.”
Google announced the Motorola acquisition last year for $12.5 billion, which was completed on May 22.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry