Google reported second quarter earnings Thursday afternoon. At $2.79 billion, the figure topped last year's $2.51 billion, but fell short sequentially from this year's first quarter reading of $2.89 billion. Revenue was $10.96 billion, up 21% from last year. Google's profit margin was down, which is something that bodes poorly for future earnings reports. Fully owned subsidiary Motorola Mobility contributed red ink to the tune of $223 million on $1.25 billion in revenue. Motorola lost $86 million on $3.1 billion in sales during Q1.
The Mountain View based company now has $43.1billion in cash and assets and counts 54,604 employees (34,311 for Google and 20,293 for Motorola). In after hours trading, Google is up $19 to $606 after closing at $593 during regular trading hours. The 52 week high is $670.25.
Alan, an ardent smartphone enthusiast and a veteran writer at PhoneArena since 2009, has witnessed and chronicled the transformative years of mobile technology. Owning iconic phones from the original iPhone to the iPhone 15 Pro Max, he has seen smartphones evolve into a global phenomenon. Beyond smartphones, Alan has covered the emergence of tablets, smartwatches, and smart speakers.
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