Google Reports Impressive Profit, Lower Revenue for Q1 2013
April 18, 2013 8:13 PM
comment(s) - last by
Motorola Mobility could do better
Google posted a healthy profit in its earnings report for the first quarter of 2013 today, but its revenue could've been better.
For the quarter ended March 31, 2013, Google reported a net income of $3.90 billion and earnings of $11.58 per share, which is an increase from $3.33 billion in Q1 2012.
Revenue for the first quarter was $13.97 billion, representing a 31 percent increase year-over-year. However, it was a decline from the previous quarter's $14.4 billion.
Cost per clicks dropped 4 percent year-over-year, but paid clicks jumped 20 percent.
Google's Motorola division isn't doing so hot, as it posted revenue of $1.02 billion for the most recent quarter compared to $1.51 billion for Q4 2012.
Just last month, Google announced that it was further
cutting its Motorola workforce by 10 percent
(which equates to about 1,200 employees). This was in addition to the 20 percent (about 4,000) workers cut last August.
In addition to these cuts, Motorola took another hit from Google when the company's CFO -- Patrick Pichette -- said that Motorola phones
weren't innovative enough
"[Motorola's pipeline are] not really to the standards that what Google would say is wow -- innovative, transformative," said Pichette. "We've inherited 18 months of pipeline that we actually have to drain right now, while we're actually building the next wave of innovation and product lines."
So far, a few Motorola releases for Android include the
Droid RAZR Maxx HD and the Droid RAZR M
“We had a very strong start to 2013, with $14.0 billion in revenue, up 31% year-on-year,” said Larry Page, CEO of Google. “We are working hard and investing in our products that aim to improve billions of people's lives all around the world.”
This article is over a month old, voting and posting comments is disabled
RE: Lower revenue?
4/19/2013 3:00:32 AM
30% year over year, but Q4 2012 brought alone brought in more revenue than Q1 2013 alone.
RE: Lower revenue?
4/19/2013 3:29:55 AM
I would argue that the 4th quarter is always the profitable for IT companies (and other too) because of the holiday season.
RE: Lower revenue?
4/19/2013 4:53:33 AM
You should always compare a quarter to the same quarter the previous year. Never the last quarter, that makes no sense as obviously something like Q4 will usually have higher profits than Q1.
I keep seeing this done when reporting company earnings and its retarded.
"The Space Elevator will be built about 50 years after everyone stops laughing" -- Sir Arthur C. Clarke
Google Announces Additional 10% Reduction in Motorola Workforce
March 8, 2013, 8:02 AM
Quick Note: Google CFO Says Motorola Smartphones Not "Innovative" Enough
March 1, 2013, 1:06 PM
Motorola Unveils a Trio of Shiny Droids
September 5, 2012, 5:19 PM
Microsoft to Discontinue Free, Ad-supported Xbox Music Service on December 1
October 23, 2014, 10:03 AM
Christian Bale Confirmed to Play Steve Jobs in Upcoming Film
October 23, 2014, 8:43 AM
Monica Lewinsky Speaks Out, Calls Herself "Patient-Zero" for Internet Cyberbullying
October 21, 2014, 2:25 PM
Google Fiber Finally Heading to Austin, Texas in December
October 16, 2014, 11:48 AM
Dropbox Flexes Security Muscle, Appears to Have Squashed Password Breach
October 15, 2014, 12:12 PM
U2’s Bono Apologizes for Forced “Songs of Innocence” Album Downloads
October 15, 2014, 7:55 AM
Most Popular Articles
Chinese Government Declares Digital War Against America's Top Tech Firms
October 20, 2014, 12:07 PM
Report: 2015 Ford Focus Electric MSRP Slashed by $6,000, Will Retail for $29,995
October 18, 2014, 6:23 PM
Apple Releases iOS 8.1; Adds Apple Pay Support, SMS Relay, Instant Hotspot
October 20, 2014, 1:00 PM
Windows 8.1 + Android "Sell Mini PC" w/ Bay Trail Creates New PC Form Factor
October 20, 2014, 5:07 PM
Update: Motorola Droid Turbo Coming Oct 28, 48-hour Battery Life Confirmed
October 19, 2014, 9:19 PM
Latest Blog Posts
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
Facebook Aims to Provide Internet to "Every Person in the World" with Drones, Satellites
Apr 1, 2014, 10:20 AM
Retail Mobile Sites Experience Outages in Light of Simplexity's Bankruptcy
Mar 14, 2014, 8:48 AM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information