Sunday, July 21, 2013

Google (GOOG) Reports 2Q'13 Results

Google (GOOG) reported 2Q'13 results on Thursday (02013.07.18) and I liked them.
Free cash flow was $3.09 billion. Capital expenditures were $1.6 billion. As of June 30, 2013, cash, cash equivalents, and marketable securities were $54.4 billion. Effective tax rate was 24%. On a worldwide basis, we employed 44,777 full-time employees (40,178 in Google and 4,599 in Motorola Mobile) as of June 30, 2013.

GOOG closed at $910.68 prior to the quarterly results. On Friday (02013.07.19), GOOG closed at $896.60 after hitting an intra-day low of $875.61. GOOG 52-week range: $598.25 - $928.00.

Larry Page (Google's CEO): "The shift from one screen to multiple screens and mobility creates tremendous opportunity for Google. With more devices, more information, and more activity online than ever, the potential to improve people’s lives even more is immense."

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