©IDG Communications, Inc. Photo contributed by Matthew Mikaelian.
IDG News Service (San Francisco Bureau)
SAN FRANCISCO – Google has reported a profit of US$2.79 billion in the second quarter, up 11 percent over the same period of last year, in the company’s first financial statement since it finalized its acquisition of Motorola Mobility in May. Motorola brought in $1.25 billion in revenue in the quarter that ended June 30, about 10 percent of Google’s total revenue. But Motorola also accounted for an operating loss of $233 million, which brought Google’s total operating income down as a percent of its revenue by 6 percentage points.
Google’s total revenue, including Motorola sales, was $12.21 billion compared to $9.02 billion a year earlier. During a conference call to discuss the results, analysts asked Google executives what changes the company might make at Motorola. They declined to give specifics.