Q4 2012 was one heck of a time for Google. We saw the launch of some awesome devices… which resulted in some high demand and much pandemonium– and now it has some pretty solid earnings to show for the great year. According to Google head honcho Larry Page:
“we ended 2012 with a strong quarter. Revenues were up 36% year-on-year, and 8% quarter-on-quarter. And we hit $50 billion in revenues for the first time last year – not a bad achievement in just a decade and a half. In today’s multi-screen world we face tremendous opportunities as a technology company focused on user benefit. It’s an incredibly exciting time to be at Google.”
The reported revenues and free-flowing pipeline of funds were apparent at Google for Q4. The Mountain View giant reported consolidated revenues of $14.42 billion for Q4 which was an increase of 36% compared to the Q4 2011. What’s even more astonishing is that Google only accounted for its core advertising, search and mobile business when coming up with the $14 billion revenue total— if Motorola Home business was included, consolidate revenues would have grown to $15.24 billion dollars.
While the financial success is great news, we must realize that there is still a long journey ahead for Googlorola. It’s important to note however that the Google/Motorola marriage is still very much in transition. As it stands now, Motorola is losing money at a steady rate— and Google is certainly not in the position to lose money with Motorola. Here’s Senior VP and Chief Financial Officer Patrick Pichette highlighting Google’s stance on the Motorola acquisition in a brief nutshell:
“We do care about profitability, and that is our goal with every one of the areas where we invest… we’re not in the business of losing money with Motorola.”
Expect brighter and better days ahead for Motorola as it continues to be fully integrated into the Google family. We expect that while there is money being lost now— everything will be made up and then some in the future. You’ll find additional highlights and statements at the source link below.