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Google revenues go up by 19% in the first quarter

Apr 17 2014, 12:23pm CDT | by , in News | Misc

Google revenues go up by 19% in the first quarter
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major contributors in this quarter was the Motorola Mobility which has been added to 'discontinued operations'

The search engine giant Google has revealed yet another successful financial performance for the quarter which shows $15.4 billion in revenue for the first quarter of this year and this is a great acheivement for the company since this is up by a whopping 19% as compared to last year. One of the major contributors in this quarter was the Motorola Mobility and its sales figures and it was a big event for Google's Q1.

So far the sale to Lenovo has not beewn closed and hence Google will continue to handle any profits or losses which come from Motorola., although Moto has been moved to the "discontinued operations" column. A net loss of $198 million has been reported by these discontinued operations and the loss has increased from last year's $182 million net loss. But there is no clear line between how much of this loss can be accounted for by Motorola Mobility and how much of it comes from other operations of Google. For such a comparison to be made, Motorola posted an operating loss of $271 million in Q1 last year. Moving Motorola to the discontinued operations segment didnt do much good to the company because according to Google, if Motorola was being reported as an operating segment, it would have brought in $1.45 billion in revenue.

source: gsmarena

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