Google reported slightly disappointing results for the second quarter of 2013 on Thursday and the company’s high-flying stock took a slight in after-hours trading.
Including its Motorola unit, Google reported revenues of $14.11 billion and a net profit of $3.23 billion. Although that signifies a 16 percent increase in profits, investors weren’t too pleased with the results as Google’s core business grew weaker than expected. The cost-per-click for Google’s search ads fell 6 percent from last year’s second quarter, resulting in the weakest revenue growth since 2009.
Google’s CFO Patrick Pichette blamed the CPC drop in part on the ongoing shift to mobile devices, but pointed out that his company saw an increase in ad clicks, that offset the lower prices.
The Statista "Chart of the Day", made available
under the Creative Commons License CC BY-ND 3.0, may be used
and displayed without charge by all commercial and
non-commercial websites. Use is, however, only permitted with
proper attribution to Statista. When publishing one of these graphics,
please include a backlink to the respective infographic URL.
The Statista "Chart of the Day" currently focuses
on two sectors: "Media and Technology", updated
daily and featuring the latest statistics from the media,
internet, telecommunications and consumer electronics
industries; and "Economy and Society", which
current data from the United States and around the
world relating to economic and political issues as well as
sports and entertainment.
For individual content and infographics in your Corporate Design,
please visit our agency website
Any more questions?
Get in touch with us quickly and easily. We are happy to help!