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 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.
"We shipped it on Saturday. Then on Sunday, we rested." -- Steve Jobs on the iPad launch
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
Russian Hackers Compile List of 10+ Million Stolen Gmail, Yandex, Mailru
September 11, 2014, 11:41 AM
House Minority Leader Pelosi Criticizes FCC's "Fast-Lane" Net Neutrality Plan
September 9, 2014, 4:15 PM
Smarter Than Siri? Cortana Adds Game NFL Game Winner Prediction
September 3, 2014, 4:12 PM
Apple Says Nude Celebrity Photo Dump Wasn’t Result of iCloud, Find My iPhone Breach
September 2, 2014, 3:26 PM
FCC Orders Advertisers to Cut Out That Racket, Turn Down Commercials
August 29, 2014, 12:49 PM
Dropbox Bows to Competitive Pressure, Provides 1TB of Storage for $10/Month
August 27, 2014, 11:17 AM
Most Popular Articles
Apple Announces 4.7" iPhone 6, 5.5" iPhone 6 Plus
September 9, 2014, 1:45 PM
Apple Announces Its Smartwatch: The $349 Apple Watch
September 9, 2014, 2:09 PM
Appalling Negligence: Decade-Old Windows XPe Holes Led to Home Depot Hack
September 8, 2014, 8:58 PM
T-Mobile Launches Un-carrier 7.0, Beefs Up Wi-Fi Calling
September 11, 2014, 2:56 PM
HTC Preps Nexus 9 With Nvidia K1 64-Bit "Denver" SoC, Android L Onboard
September 10, 2014, 10:21 PM
Latest Blog Posts
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
Tesla vs. BMW: Who Has the Safer EV?
Feb 1, 2014, 2:56 PM
Justice Leaks Details of Next HTC One Two Flagship Phone
Dec 5, 2013, 4:04 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information