Google reports better-than-expected US$17.7bn second quarter

17 Jul 2015188 Views

Shares in Google spiked 8pc after the internet giant reported a better-than-expected second quarter with US$17.7bn in revenues, up 11pc on last year.

Google generated a profit of US$3.9bn for the quarter.

The company cited strong performance in its core search products as well as YouTube and programmatic advertising.

Google websites generated US$12.4bn and network member websites generated US$3.6bn of revenue. In all, advertising on Google’s networks generated US$16bn, up 11pc year-on-year.

“Our strong Q2 results reflect continued growth across the breadth of our products, most notably core search, where mobile stood out, as well as YouTube and programmatic advertising”, said Ruth Porat, CFO of Google.

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“We are focused every day on developing big new opportunities across a wide range of businesses. We will do so with great care regarding resource allocation.”

“Our strong Q2 results reflect continued growth across the breadth of our products, most notably core search, where mobile stood out, as well as YouTube and programmatic advertising”, said Ruth Porat, CFO of Google.

“We are focused every day on developing big new opportunities across a wide range of businesses. We will do so with great care regarding resource allocation.”

google-q2-financials-2015

Google’s Q2 2015 financial results

Google offices image via Shutterstock

John Kennedy is an award-winning technology journalist who served as editor of Siliconrepublic.com for 17 years.

editorial@siliconrepublic.com