Google has announced strong fourth-quarter earnings, reporting $12.91 billion in revenue, up 8 per cent versus last quarter and 22 per cent year on year. Net income for the quarter reached $2.89 billion, versus $2.71 billion in the year-ago quarter.
Google-owned Motorola Mobility revenue, selling tablets and handsets, reached $1.51 billion with an operating loss of $353 million. Given that these results are for the holiday quarter, that's not very impressive.
Adding together core Google, Motorola Mobility and Motorola Home, consolidated revenues for the Mountain View collective came in at $15.2 billion. "We ended 2012 with a strong quarter. It’s an incredibly exciting time to be at Google.” said CEO Larry Page.
Last quarter, Google accidently pushed its poor Q3 financial results early, causing it to suspend trading on the Nasdaq. The market wasn't impressed, to say the least, but numbers seem more impressive this year, with the company up in after-hours trading.
Pocket-lint will be covering the Q4 investors call where Page may drop more info.