Google reports sales and profits increases

By Dyenamic Solitions - Last updated: Friday, July 20, 2012 - Save & Share - Leave a Comment

Google Inc has reported an increase in sales and profits for the three months to the end of June in its first results statement since taking over the mobile phone maker Motorola Mobility Holdings (MMH).Google reports sales and profits increasesNet income for the quarter was £1.77 billion, ($2.79 billion)  up 11% compared to £1.59 billion a year earlier.

Google said revenue rose 35% to £7.77 billion for the period after a £796 million boost following the acquisition of MMH.

Revenue at its core internet business rose 21%.

Shares in Google rose about 3% in after-hours trading following the results.

As well as generating money through advertising based on searches, Google also makes the increasingly popular Android mobile phone operating system.

During the period, the company also launched its Nexus 7 tablet computer.

The company’s chief executive, Larry Page, said the Nexus had received “rave reviews”.

However, he did not take part in a conference call with analysts following the earnings release because of illness.

Mr Page is suffering from an unspecified throat problem that meant he was also unable to speak at the firm’s developers conference last month either.

Analysts were told Mr Page continues to run the company, but it had no news to share about his health.

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