Google Q2 revenues up 35%

By By Wenlei Ma | 20 July 2012

Internet giant Google's global revenues for the last quarter grew 35% year-on-year to US$12.21 billion for the last quarter, including US$1.2 billion from Motorola.

The company's net income for the quarter ending 30 June was US$2.78 billion after all costs and expenses.

The most recent quarter was the first in which revenues from Motorola were included in the company's statement after Google acquired the mobile handset manufacturer late last year for US$12.5 billion.

Google's cash, cash equivalents and short-term marketable securities at the end of June was US$43.1 billion.

Google chief executive Larry Page said: “Google standalone had a strong quarter with 21% year-on-year growth, and we launched a bunch of exciting new products at I/O – in particular the Nexus 7 tablet, which has received rave reviews. This quarter is also special because Motorola is now part of the Google family, and we're excited about the potential to build great devices for users.”

Google employs 54,604 people globally, including 20,293 Motorola employees. Google shares closed on the NASDAQ yesterday at US$593.06.

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