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.
"Death Is Very Likely The Single Best Invention Of Life" -- Steve Jobs
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
Twitter Senior VP: "Diversity is Important, But We Can’t Lower the Bar"
November 9, 2015, 9:59 AM
CNN Resorts to Internet Censorship to Promote Clinton Over Senator Sanders
October 15, 2015, 2:47 PM
Breaking Bad: How to Crash Google's Chrome Browser With Just 8 Characters
September 23, 2015, 11:08 AM
Quick Note: Amazon UK Offers £10 Back on Any Order £50 or Over
August 3, 2015, 12:05 PM
Editorial: Reddit Allows Itself to be Hijacked as a Hate Platform For Racist Bigots
July 21, 2015, 6:32 PM
Mozilla and Facebook to Adobe: It's Time to Kill Flash
July 20, 2015, 6:30 PM
Most Popular Articles
Creationists are Mad About Google Doodle Depicting Evolution
November 24, 2015, 8:48 PM
Jumbo Joust: iPad Pro vs. Surface Pro 3 vs. Surface Pro 4
November 11, 2015, 1:00 AM
BlackBerry Priv is an Amazing Android So Secure You May Never Hear of It
November 2, 2015, 2:46 PM
iPhone 7 May Pack 3-4 GB Memory, More Storage; 4-Inch Comeback is Rumored
November 20, 2015, 10:12 PM
"Prepare to be Punished": Microsoft is Killing OneDrive With Cuts, Blames Users
November 3, 2015, 8:23 PM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
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
More Blog Posts
Copyright 2015 DailyTech LLC. -
Terms, Conditions & Privacy Information