Does Google-translated text pass as unique content?

Prolly a stupid question 'cuz I've never tested this thing out so far. Does Google consider translated content (Google Translate or some other software) as unique content? Have any of you here had any success with translated text? I'm obviously not talking about unreadable crappy stuff that could be used for make-and-throw parasites. The content in question is readable, carefully translated (fixed if there are any errors here and there) content from other websites. Do they pass as unique content in the eyes of big G?