Friday, January 31, 2014

Google revenue increases 17%, Motorola revenue falls

Google office near Los Angeles
The online search giant Google reported strong advertising results in the fourth quarter, with revenue up 17 percent to $16.86 billion for the quarter. Operating income rose to $3.92 billion from $3.39 billion in the same quarter of 2012.
“We ended 2013 with another great quarter of momentum and growth. Google’s standalone revenue was up 22% year on year, at $15.7 billion”, said Larry Page, CEO of Google. “We made great progress across a wide range of product improvements and business goals. I’m also very excited about improving people’s lives even more with continued hard work on our user experiences.”
But like Amazon, some analysts were expecting better results, though the stock is trading flat in after-hours trading.

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