Thursday, July 14, 2011

Google Back on Track in Q2, Beats Street With $9 Billion in Revenue

TechCrunch submits:

By MG Siegler

Google (GOOG) has released Q2 2011 numbers, and after a slightly off Q1, it looks like Q2 is right back on track for the search giant. The company beat the number the Street was expecting across the board. The key one was revenue: Google earned $9.03 billion for the quarter ended June 30, 2011 (a new record for quarterly revenue). The street had been expecting about $8.6 billion.

The revenue numbers were up 32% over the year-ago period. As the chart above shows, the Google.com numbers were the real strength. Google-owned sites generated $6.23 billion in revenues, accounting for 69% of total revenues. That was a 39% increase over the year ago period.

Non-GAAP earnings-per-share (EPS) were $8.74, well above the $7.86 the Street was hoping for. Non-GAAP net income was $2.85 billion. A year ago, net income was $2.08 billion, and last quarter it was $2.3


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