Saturday, July 21, 2012

Google Inc (NASDAQ:GOOG) Posted Best Weekly Gains For This Year

Shares of Google Inc (NASDAQ:GOOG) had the best weekly performance so far this year with a gain of over about 6% during the week after the company posted strong set of earnings and the stock ended the week well above $600 mark for the first time in the past one month.

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Late Thursday, Google Inc reported higher revenue growth with the acquisition and integration of Motorola Mobility Holdings, Inc. (Motorola) on May 22, 2012.

The Company consolidated revenue was up 35% yoy to $12.21 billion and on a standalone basis Google’s revenue is up 21% yoy to $10.96 billion. Total TAC comprised 25% of the advertising revenue at $2.60 billion. Google site revenue was $7.54 billion or 69% of the standalone Google revenue.

Motorola revenues were $1.25 billion ($843 million from the mobile segment and $407 million from the home segment), or 10% of consolidated revenues in the second quarter of 2012.

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Operating Income after adjusting for the revenues and costs related to Motorola acquisition was $3.988 billion as compared to $3.316 billion reported in the same period in prior year,. implying operating margin of 32%. Motorola on other hand had reported operating loss of $38 million after adjusting for one time items.

GAAP net income earned by the search engine was $2.79 billion in the reported quarter as compared to $2.51 billion in the prior quarter. Non GAAP income was $3.35 billion as compared to $2.85 billion reported in the March quarter. Earning per share in the second quarter of 2012 was $8.42 while non GAAP earning per share was $10.12 per diluted share.

Total stock based compensation reported in quarter was $565 million with a $135 million of benefit attached with it. Google ended the quarter with $4.25 billion of operating cash flow.

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