backtop


Print 4 comment(s) - last by B3an.. on Apr 19 at 4:53 AM

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.”

Source: Google



Comments     Threshold


This article is over a month old, voting and posting comments is disabled

RE: Lower revenue?
By B3an on 4/19/2013 4:53:33 AM , Rating: 5
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.


"If they're going to pirate somebody, we want it to be us rather than somebody else." -- Microsoft Business Group President Jeff Raikes














botimage
Copyright 2014 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki