Google's sales and profits jump

Internet giant Google has reported a jump in sales and profits for the three months to the end of June in its first results statement since taking over Motorola Mobility Holdings (MMH). Net income for the quarter was $2.79bn (£1.77bn), up 11% compared to $2.51bn a year earlier. Google said revenue rose 35% to $12.21bn for the period after a $1.25bn boost following the acquisition of MMH. Revenue at its core internet business rose 21%. Shares in Google rose about 3% in after-hours trading followg the results. As well as generating money through advertising based on searches, Google also makes the popular Android mobile phone operating system. During the period, the company also launched its Nexus 7 tablet computer. The company's chief executive, Larry Page, said the Nexus had received "rave reviews". However, he did not take part in a conference call with analysts following the earnings release because of illness. Mr Page is suffering from an unspecified throat problem that meant he was also unable to speak at the firm's developers conference last month either. Analysts were told Mr Page continues to run the company, but it had no news to share about his health.

Google's sales and profits jump 2012-07-22T12:09:00-07:00 Rating: 4.5 Diposkan Oleh: Undercover 999