Google reports $3.44 billion profit for 2013 Quarter 3
Google have just released their financial statements for the Quarter 3 of 2013(July – September). They saw a number quite larger than what analysts expected, thanks to their ever-growing Android operating system and a host of other business they conduct.
Google reported a revenue of $14.9 billion, a 12% year-over-year growth when compared 2012 Quarter 3. Net profit was $3.44 billion, 23% of their accumulated revenue.
Google’s stock reached $980 per share, in a 10% increase and the company’s CEO Larry Page has said he will not relent on their achievement so far, but will work harder to see Google soar even higher.
On the other side of the story, Motorola Mobility, which Google acquired for $12.5billion in 2011, reported a loss of $248 million. They reported $1.18 billion in earnings for the Quarter, against $1.78 billion in Quarter 3 of last year.