Google reaps US$12.2bn in second-quarter revenue

20 Jul 2012

Internet search giant Google’s revenue jumped 35pc to US$12.2bn in the quarter ended 30 June 2012 compared to the same period last year.

Operating income amounted to US$3.20bn, or 26pc of revenues, compared to US$2.88bn, or 32pc of revenues, in the second quarter of 2011.

Net income totalled US$2.79bn compared to US$2.51bn in the same period last year.

Google revenues when it came to advertising reached US$10.96bn, or 90pc of consolidated revenues, representing a 21pc increase over Q2 2011 revenues of US$9.03bn.

Google-owned sites generated revenues of US$7.54bn, or 69pc of Google revenues, marking a 21pc increase over revenues of US$6.23bn during the year-ago period.

Revenue from the company’s partner sites reached US$2.98bn, or 27pc of Google revenues, which is a 20pc increase from US$2.48bn in the same time last year.

Google revenues from outside the US totalled US$5.96bn, representing 54pc of Google revenues in the second quarter of 2012, compared to 54pc in the first quarter of 2012 and 54pc in the second quarter of 2011.

“Google standalone had a strong quarter with 21pc year-on-year revenue growth, and we launched a bunch of exciting new products at I/O – in particular the Nexus 7 tablet, which has received rave reviews,” said Larry Page, CEO of Google. 

“This quarter is also special because Motorola is now part of the Google family, and we’re excited about the potential to build great devices for users.”

Google completed its acquisition of Motorola Mobility Holdings, Inc on 22 May 2012.

Tina Costanza was a journalist and sub-editor at Silicon Republic