The Android maker earned $12.21B in Q2, including $1.25B from Moto Mobility, but is only promising 'changes' for the company

Sarah Thomas, Director, Women in Comms

July 19, 2012

2 Min Read
Google Keeps Quiet on Plans for Moto

Google (Nasdaq: GOOG) reported a profit Thursday for the first quarter that included its Motorola Mobility acquisition, but it had little to say about its new mobile device and homes division. (See Google & Moto: What's Next?)

In its second quarter, the Android maker earned $2.79 billion, or $8.42 a share, on revenues of $12.21 billion. A year earlier it earned $7.68 a share on revenues of $9.02 billion.

Non-GAAP earnings of $10.12 per share beat the $10.05 analyst consensus reported by Thomson Reuters .

Google closed its $12.5 million acquisition of Motorola in May. The division pulled in revenues of $1.25 billion in the second quarter, but posted an operating loss of $233 million for the quarter. Of the loss, $192 million came from its mobile devices business. (See Google Closes $12.5B Motorola Deal .)

CFO Patrick Pichette said it would take a few quarters for the acquisition effects and "accounting noise" to shake out. But, he wouldn't divulge plans for the Moto division, which includes mobile devices, set-top boxes and cable gear, only noting that changes were afoot.

Moto Mobility's Home division has been under particular scrutiny lately, with speculation that Google might try to sell the division.

"We're clearly excited about Motorola," Pichette said. Google's hired 21,427 people in the past three months, the majority of which were former Motorola employees.

Google Chief Business Officer Nikesh Arora added that the company is committed to mobile, as evident by its Android business and its Moto acquisition. It now activates more than 1 million Android devices per day for a total of 400 million activated worldwide, and it's experiencing a groundswell in mobile search and advertising. "Open is really important to mobile," Pichette added. "Our strategy is focused on end users and being open."

For more

  • Motorola Home Adds M&A Expertise

  • Don't Count Out Ericsson

  • Who's Angling for Motorola's Cable Unit?

— Sarah Reedy, Senior Reporter, Light Reading Mobile

About the Author(s)

Sarah Thomas

Director, Women in Comms

Sarah Thomas's love affair with communications began in 2003 when she bought her first cellphone, a pink RAZR, which she duly "bedazzled" with the help of superglue and her dad.

She joined the editorial staff at Light Reading in 2010 and has been covering mobile technologies ever since. Sarah got her start covering telecom in 2007 at Telephony, later Connected Planet, may it rest in peace. Her non-telecom work experience includes a brief foray into public relations at Fleishman-Hillard (her cussin' upset the clients) and a hodge-podge of internships, including spells at Ingram's (Kansas City's business magazine), American Spa magazine (where she was Chief Hot-Tub Correspondent), and the tweens' quiz bible, QuizFest, in NYC.

As Editorial Operations Director, a role she took on in January 2015, Sarah is responsible for the day-to-day management of the non-news content elements on Light Reading.

Sarah received her Bachelor's in Journalism from the University of Missouri-Columbia. She lives in Chicago with her 3DTV, her iPad and a drawer full of smartphone cords.

Away from the world of telecom journalism, Sarah likes to dabble in monster truck racing, becoming part of Team Bigfoot in 2009.

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