Google’s net income for quarter two has increased from $2.51 billion to $2.79 billion, for the quarter which ended on June 30, according to its Investor Relations
site. This equates to an eleven percent rise in profits.
Significantly the increase in income reflects the first period since Google purchased
Motorola Mobility Holdings. Motorola Mobility, Inc
. is an American telecommunications equipment corporation.
In addition to the overall rise in income, revenue from Google’s core Internet business increased by twenty-one percent. The news led to a rise in Google’s share price
Google CEO Larry Page, is quoted by Mobile Marketing
as being pleased with the news and saying “Google standalone had a strong quarter with 21 per cent year-on-year revenue growth, and we launched a bunch of exciting new products at I/O – in particular the Nexus 7 tablet, which has received rave reviews. This quarter is also special because Motorola is now part of the Google family, and we’re excited about the potential to build great devices for users.”
notes that Google makes most of its money from on-line advertising and through its smartphone Android applications. During the most recent quarter, Google also released its Nexus 7