Google posted its Q3 2013 earnings today, showing revenues for the quarter of $14.89 billion, a 12% year-over-year increase. The overall business was up 6% quarter-over-quarter and the company now has $56.52 billion cash on hand. Not a bad quarter for Google.
If you were looking for bad news, you can find it in the tiny section of their earnings report dedicated to Motorola. Moto brought in revenues of $1.18 billion (down from the $1.78 billion in Q3 2012), which turns out to be a $248 million loss or 21% loss of segment revenues. Obviously, it’s still early for Motorola and the new leadership team that Google assembled there. They have clearly spent money on cuts, building out new distribution and manufacturing for their Moto X product, and in other costs associated with turning the company around.
Google now has 46,421 full-time employees across the globe (4,259 of which are Motorola’s).
Via: Google Investors
This post was last modified on October 17, 2013 1:49 pm