Skip the navigation
)
News

Update: Google Q2 revenue up 32% to $9B-plus

By Juan Carlos Perez
July 14, 2011 06:50 PM ET

IDG News Service - Google's revenue and profit grew in the second quarter, as the company's core search advertising business continued to perform very well.

Total revenue grew 32 percent year on year in the second quarter, ended June 30, to $9.03 billion, the company said on Thursday.

Subtracting fees and advertising commissions paid to partners, Google's net revenue came in at $6.92 billion, exceeding the $6.55 billion consensus expectation from analysts polled by Thomson Financial.

Net income was $2.51 billion, or $7.68 per share, compared to $1.84 billion, or $5.71 per share, in 2010's second quarter.

On a pro forma basis, which excludes certain one-time items, net income was $2.85 billion, or $8.74 per share, exceeding the $7.86-per-share analyst consensus expectation and topping the $2.08 billion, or $6.45 per share, earned in the second quarter of 2010.

People clicked on 18 percent more ads served by Google and its partners, and the average fee paid by advertisers for a click rose 12 percent, year on year.

"We had a great quarter," CEO Larry Page said during a webcast to discuss the results.

Most of Google's revenue -- 97 percent -- came from advertising, while the rest was generated by its emerging businesses, such as enterprise software and mobile.

Thanks to YouTube and DoubleClick, Google continues to make progress in display advertising, an area in which it had for years been a minor player. Google is now a leader in display advertising, along with Yahoo and Facebook.

The second quarter was Page's first full quarter as CEO, and already the company is seeing results from a shift in the management strategy to focus more on product development, he said.

Google is now paying more attention to the ease of use and the design of its products, he said, citing as an example the company's new social networking site Google+, launched in limited beta test about two weeks ago.

Reprinted with permission from IDG.net. Story copyright 2012 International Data Group. All rights reserved.
What is Tech Briefcase?
TechBriefcase is a new, free service where IT Professionals can Search, Store and Share IT white papers and content like this. Learn more
Bookmark content
Speed up your research efforts with content across the web.
Search and Store
Find the white papers you need. Create folders for any topic.
View Anywhere
Open your briefcase on your iPhone, tablet or desktop. Share with colleagues.
Don't have an account yet?
Additional Resources
Security KnowledgeVault
WHITE PAPER
Security is not an option. This KnowledgeVault Series offers professional advice how to be proactive in the fight against cybercrimes and multi-layered security threats; how to adopt a holistic approach to protecting and managing data; and how to hire a qualified security assessor. Make security your Number 1 priority.

Read now.

Cut Communications Costs Once and for All
WHITE PAPER
New IP-based communications systems are being deployed by small and midsized businesses at a rapid rate. Learn how these organizations are enabling faster responsiveness, creating better customer experiences, speeding office or mobile interactions, and dramatically reducing existing communications costs.

Read now.

IT Industry White Papers
The CIO's New Guide to Design of Global IT Infrastructure
Is it possible to eliminate the impact of distance? This paper explores the 5 key principles successful CIOs are using to redesign IT...
Unified IT Monitoring & Management in Your Environment
At the very start of the IT industry, "monitoring" meant having a guy wander around inside the mainframe looking for burnt¿out vacuum tubes.
Practice Management: Double Billing Rate and Improve Patient Services
Would you like to double your billing rate and achieve faster payment for services?

Download this customer success story to see how One Health...
Mission Critical Data Explosion and Customer Case Study
Would you like to double your tier 1 storage capacity while simultaneously reducing your storage footprint?

Download this customer success story to see how...
Protecting Against Database Attacks and Insider Threats: Top 5 Scenarios
Read this new eBook to learn the top five scenarios and essential best practices for preventing database attacks and insider threats.
All IT Industry White Papers
IT Industry Webcasts
Distributed Database Security with Real-time Monitoring
View this demo and learn how IBM InfoSphere Guardium database activity monitoring can help protect your sensitive data in distributed DBMS environments with...
InfoSphere Warehouse Packs Demo
These flash modules make warehousing more tangible and relevant to business users through detailed explanations of the InfoSphere Warehouse Packs.
Delivery Management -- Extending Lifecycle Management
Date: Wednesday, June 20, 2012, 1:00 PM EDT

Siloed organizations continue doing the wrong things and doing things wrong, leading to increased costs,...
Leverage automation today to reduce IT complexity
Date: Tuesday, June 5, 2012, 2:00 PM EDT

Whether your B2B complexity is caused by multiple technologies due to M&A, business or application specific...
Redefine Expectations in the Data Center
Need to do more with less? Watch this video to learn how HP ProLiant Gen8 servers can help your business deploy servers three...
All IT Industry Webcasts
Newsletter Sign-Up

Receive the latest news test, reviews and trends on your favorite technology topics

Choose a newsletter
  1. View all newsletters | Privacy Policy
IT Jobs