Motorola Mobility records US$192 million loss in Q2 while parent Google soars

Mobility to its balance sheet for the first time, even though the handset unit reported a significant loss.

Revenue for the quarter ended June 30 rose to US$12.21 billion, with Motorola accounting for US$1.25 billion (10 per cent) of the total.

Motorola‘s results were included from May 22, the date the acquisition closed, to the end of the reporting period – described as a “stub quarter” by Google. The unit reported an operating loss of US$192 million.

“We can expect Motorola to continue to show some accounting variability, as is typical with the closing of such large transactions,” said CFO Patrick Pichette.

“We’re excited about the potential to build great devices for users,” said CEO Larry Page with regards to Motorola. He added that the recent launch of the Nexus 7 tablet had generated “rave reviews.”

Google reported Q2 net income of US$2.79 billion up from US$2.51 billion a year earlier.