Google announces Q4 results, revenues and net income up

Google reported in with its Q4 results for 2012 and things are looking good for the search giant, even though its Motorola Mobility deal is still in the red. In 2012 Google hit the $50 billion revenue mark for the first time in its 15-year existence.

Late last year, Google started a deal to sell off Motorola Home to the Arris Group (and “certain other persons”), a deal that should close in 2013. The deal is for $2.35 billion in cash and stock, which haven't been included in the Q4 report.

Anyway, revenues for Q4 of 2012 were $12.91 billion, up 36% year-on-year and 8% quarter-on-quarter. Google accounted for 89% of that, while Motorola brought in 11%. Google got 54% of its revenues from outside the US.

Operating income was 24% of those revenues or $3.39 billion, compared to 33% and $3.51 for Q4 of 2011. Motorola Mobility once again had a negative impact on those numbers, however. The division posted an operating loss of $353 million.

Consolidated net income was $2.89 billion, up from $2.71 billion in Q4 of 2011.

The employee head count is also interesting – 54 thousand people in total work at Google, of which 38 thousand are at the main company, 11 thousand at Motorola Mobile and 5 thousand in Motorola Home (which is being sold off).

During the earnings call, Google CEO Larry Page addressed the Nexus shortages saying that the company needs to manage its inventory better and that this is a priority for the company’s teams.

You can read the full press release here and get a bit table of all the numbers here (note: PDF).

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