Google last two earnings releases were made even more notable than usual because of the unexpected events that preceded them, but today’s release of the company’s fiscal Q1 2013 financials was as almost as straightforward as it used to be.
For this past quarter, the search giant reported revenues of $14 billion (that’s up 31% from Q1 2012), non-GAAP earnings of $11.58 per share, and net income of $3.35 billion.
That means that this quarter, while mostly strong, was a mixed bag in terms of beating expectations. According to the slew of analysts polled by Bloomberg Businessweek, Google was expected to report earnings of $10.70 per share on $14.3 billion in revenues — Google handily came out ahead on earnings, but didn’t quite meet the Street’s revenue forecasts.
Google made 93% of the consolidated revenues, while Motorola contributed the other 7% or $1.02 billion. The phone maker posted an operating loss of $271 million.
As far as Android is concerned, Page considers the Play Store fundamental to Android's success and is happy with the recent expansion and new UI. Google Now, Voice Search and Voice Commands also get a positive mention.
The CEO also talked about phones and specifically focused on battery life and durability.
"Battery life is a challenge for most people … you shouldn't need to carry a charger around with you to make it through the day. If your kid spills their drink on your tablet, the screen shouldn’t die. And when you drop your phone, it shouldn't shatter." writes Page in a Google+ post.
Post a Comment Facebook Disqus