After a quarter of huge momentum, $GOOG posts $14.11B in revenue

Jumat, 19 Juli 2013

After a quarter of huge momentum, $GOOG posts $14.11B in revenue

03.02

Google dropped its quarterly earnings report today, showing quarterly revenues of $14.11 billion.

Google’s Q2 in News

Google Fiber heads to Austin…
and Provo
Kleiner & Andreesen commit to Glass apps
Hands-on with Glass
More Glass shipments…
And soon, more hardware
Trouble with online drug ads
And then, there was PRISM
Google acquires Waze

Google’s quarterly investors’ call will take place today at 1:30 p.m. Pacific. At that time, we’ll be reporting on statements from Google execs, including CEO Larry Page, so stay tuned.

Q2 was one of great excitement for the company. It included Google I/O, the company’s annual developer conference and news orgy. While not too many world-ending announcements came from the conference, momentum continued to build around Google Glass, Google’s flagship step into the future of hardware.

Investors’ confidence in Google’s ability to earn reflected that excitement and momentum, remaining solid throughout the quarter. Here’s a look at Google stock price movement in Q2:

GOOG Chart

That sky-high stock price also reflects well on Google in relation to similar players in the market. Apple, which competes with Google on the software side, was notably down for the quarter, as was social competitor Facebook.

The big exception to Google’s dominance was Microsoft, the seeming comeback kid of the group, which boosted its share prices to a five-year high with hot products around its operating system, gaming hardware, and developer tools.

Here’s a look at Google stock price versus competitors’ stock prices in Q2, showing percentage change only:

GOOG Chart

The company is also coming off a historically high year in earnings — $50 billion in revenues for all of 2012. Here’s a look at Google quarterly revenues in billions over the past two years:

Google Earnings