For the Q2 2013, Google reported revenue of $14.1 billion and net income of $3.23 billion. Analysts had been expecting $3.6 billion in profits and $14.6 billion in sales.
Despite missing estimates, revenue was up 19 percent year-over-year, extremely strong growth for a company worth over $300 billion.
Looking into the numbers, total ad revenue jumped 15 percent and paid clicks were up 23 percent year-over-year.
Google's hardware division, which includes Motorola Mobility, accounted for a measly $998 million in revenue. That figure is expected to grow with this year's launch of the Moto X.
Written by: Andre Yoskowitz @ 18 Jul 2013 22:06
