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Technology / Software

Google Q2 profit rises 16%

Google has reported 16% rise in profit during the second quarter of 2013 to $3.23bn, up from $2.79bn the previous year.

The online search engine firm’s revenues rose 19% to $14.11bn, with 55% or about $7.2bn being generated from international market.

Google CEO Larry Page said that the company had a great quarter with over $14bn in revenue – up 19% year-on-year.

"The shift from one screen to multiple screens and mobility creates tremendous opportunity for Google," Page said.

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"With more devices, more information, and more activity online than ever, the potential to improve people’s lives even more is immense."

According to Google, about 93% of revenue was generated directly by Google properties, with majority from massive advertising networks of about $12.1bn.

Google’s net income for the period reached $3.23bn, compared to $2.79 billion in the second quarter of 2012.

However, its mobile division Motorola generated about $998m in revenues, an improvement over $843m generated during the corresponding period in 2012.

Though the revenue rose during the quarter, Motorola posted an operating loss of $342m, claimed to be worse than the $199m loss during the Q2 2012.

Google also reported sales of about 900 million Android devices, with 1.5 million devices being added every day and app downloads from the Play store reaching over 50 billion.
This article is from the CBROnline archive: some formatting and images may not be present.

CBR Staff Writer

CBR Online legacy content.