Google reports $14.11 billion in revenue for Q2 2013
Google’s financial results for Q2 2013 are out and the company has reported revenues of $14.11 billion which is an increment over the $12.21 billion it had reported last year for the same quarter. Net income too has gone up to reach $3.23 billion with earnings of $9.56 per share. The results missed predictions that revenues would touch $14.5 billion with an expectation of growth being 20 percent. Unfortunately this slightly missed estimates with actual growth being 19 percent YoY. Motorola was one of the arms at Google that resulted in losses with the company having cost $998 million. Motorola reported operating losses of $342 million which we guess can be attributed to the R&D efforts in place. Google’s stock closed 7.87 points down at 910.68. The company is scheduled to host an Android centric event later this month where it will show off the next version of its popular mobile operating system alongside refreshed hardware.