Q2: Google's revenue up by 3 per cent

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Google
Mountain View, Jul 17: In spite of the global economic slowdown, Google continues to post good quarterly results highlighting the company's 'enduring strength of our business model and our responsible efforts', Eric Schmidt, CEO of Google said while releasing the second quarter (Q2) result.

For the quarter ended Jun 30, 2009 the internet giant has posted a surge of 3 per cent in the revenues which stands at 5.52 billion dollars in comparison with the corresponding quarter of 2008.

The company posted its Q2 results consistent with GAAP, on a gross basis without deducting traffic acquisition costs (TAC). For this quarter, TAC totaled 1.45 billion dollars, or 27 per cent of advertising revenues.

In GAAP measures, the net income stood at 1.48 billion dollars versus 1.25 billion dollars (YoY). The operating income was at was 1.87 billion dollars or 34 per cent of revenues as opposed to 1.58 billion dollars or 29 per cent of revenues from previous year. The EPS for the quarter was at 4.66 dollars on 319 million diluted shares outstanding.

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