Both tech giants Google and Microsoft reported their quarterly earnings recently, showing big jumps in profits thanks to solid performance in their core divisions. The Mountain-view based search company reported a “very strong start to 2013” according to CEO Larry Page. Google’s revenue for the quarter came in at $13.97 billion, up 31% year-over-year. Quarterly profit stood at $3.35 billion, up from $2.89 billion for the same quarter in 2012.

Google’s rate of paid clicks was up 20% from a year previous, while the price advertisers pay per click was down about 4%. Google’s big moneymaker advertising revenue was up 16%. Google’s Motorola division continued to lose money in the last quarter. Motorola Mobile posted an operating loss of $271 million on revenues of $1.02 billion. As of right now, Google is selling Motorola’s set-top box business to Arris Group for $3.25 billion in a deal that is expected to close sometime in April.

The software giant, Microsoft, also posted a boost in profits for the last quarter, with third-quarter earnings at $6.06 billion, up 19% year-over-year. Microsoft saw revenues increase 18% year-over-year to $20.49 billion. Microsoft’s Business Division saw revenues of $6.32 billion, a year-over-year increase of 8%, while the Server & Tools division grew 11% to $5.04 billion in revenue. Revenue for the Windows Division was up 23% year-over-year to $5.7 billion, though adjusted their flat year-over-year was at $4.6 billion. The Entertainment and Devices Division, which includes Microsoft’s Xbox console, saw revenues up 56% year-on, with $2.53 billion generated. The company’s online Services Division saw $832 million in revenue, up 18% year-over-year.

In Microsoft’s company conference call, the company’s CFO, Peter Klein, announced he will be leaving at the end of June. The company is said to name a new CFO from within its current financial team within the next week weeks.

Apple on the other hand is said to release its quarterly results in a company conference call on April 23. We’ll have to see how the Cupertino California company stands when compared to its competitors.

Source: Google, The Wall Street Journal via AppleInsider