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Google announces Q2 earnings, shows love for Motorola This is Googles first earnings announcement since sealing the deal with Motorola on May 22. In its second quarter, Google earned $12.21 billion, with $1.25 billion of that coming straight from its acquisition of Motorola Mobility. “We can expect Motorola to continue to show some accounting variability, as is typical with the closing of such large transactions,” CFE Patrick Pichette noted in the announcement. Variability aside, Google is showing solid, steady growth year-over-year. The companys Q2 earnings represent a 35 percent consolidated revenue growth annually and a 15 percent increase quarterly. In a company release, CEO Larry Page also mentioned the launch of Googles latest 7-inch tablet: “Google standalone had a strong quarter with 21% 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 ... More

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