Google announces Q2 2012 financial details

Google continues to do well, even in the face of the current economic conditions around the world. The company announced today that it generated a total of $12.21 billion in revenues for the second quarter of 2012, an increase of 35 percent compared to a year ago.

Google's press release said that the company created a profit of $2.79 billion during the second quarter, up from $2.51 billion from the same period a year ago.

This is the first financial press release from Google since it completed its acquisition of Motorola Mobility in May. The company has now added Motorola's 20,293 employees to Google's own 34,311 team members. This gives Google a total of 54,604 full time employees. In a statement, Google CEO Larry Page said they were  "excited about the potential to build great devices for users" as a result of buying Motorola.

The company is currently holding its quarterly financial call with analysts. Page is not expected to attend the call, due to his ongoing health issues. Google will likely give some more information about various parts of its business during its call, including sales of its recently launched Nexus 7 tablet, the progress of the Google+ network and more.

Source: Google press release

Report a problem with article
Previous Story

Samsung can't use Steve Jobs' quotes against Apple in court

Next Story

Google takes Street View to the South Pole

4 Comments - Add comment