Menu
Google's Q2 revenue climbs 3 percent

Google's Q2 revenue climbs 3 percent

Eric Schmidt called it "a very good quarter" considering the shaky economy

Google reported second-quarter revenue on Thursday of $US5.52 billion, a modest 3 percent increase from a year earlier but still ahead of analyst estimates.

Net income excluding one-time charges was $US1.71 billion, or $US5.36 per share, up from $US1.47 billion, or $4.63 per share, in the same quarter last year. Analysts had expected earnings of $US5.05 per share, according to Thomson Reuters.

Subtracting commissions and fees Google pays to advertising and distribution partners, revenue came in at $US4.07 billion, ahead of the consensus forecast of $US4.06 billion, Thomson Reuters said.

In a statement, CEO Eric Schmidt called it "a very good quarter, especially given the continued macro-economic downturn."

For its first quarter, reported in April, Google's revenue declined sequentially for the first time in its history.

This time, the second-quarter revenue was slightly above that of the previous three months.

The income figures above exclude one-time charges.

On a GAAP (generally accepted accounting principles) basis, net income was $US1.48 billion, or $US4.66 per share, Google said.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Googlefinancial results

More about AAPGoogleReuters Australia

Show Comments
[]