July 19, 2012 | by Andrew Kameka
Google exceeded expectations of analysts in Q2 2012, generating $12.2 billion, including $1.3 billion generated by Motorola during a stub period (limited time for which Google is accounting revenues from Motorola following the closure of the acquisition deal). However, Motorola actually lost $223 million in the previous quarter.
“There’s a lot of noise in the accounting,” Patrick Pichette, Google SVP & CFO, said as a reason for the losses. According to Google, it will take a couple of quarters to fix that, but there were signs of encouragement. The Droid RAZR MAXX saw tremendous popularity at Verizon, according to Pichette.
Google has said in the past that it will keep a hands-off approach to the company, but Pichette made comments signaling that’s not entirely the case. Pichette said on multiple instances “We [as in Google] just got there” and would evaluate all aspects of Motorola’s business as it tries to “right” the company. That reinforces speculation that with a Google veteran now in charge at Motorola, the course of Motorola’s products may change.
Google made $2.79 billion in profit last quarter. Here are a few other stats shared:
- Google also spoke of several acquisitions that help pump up the advertising business. Lest we all forget, Google’s revenue is overwhelmingly from ad clicks and display ads.
- Google+ Places supports more than 100 million locations, businesses, and attractions listed within the service.
- 250 million people have signed up for Google+ as of today. Google declined to give active user totals for how many people visit frequently.
- Google also reiterated the stats shared at I/O 2012: 1 million new devices activated per day, more than 400 million devices have been activated, and 20 billion apps have been downloaded from Google Play.