Google reports Q2 revenues are up 22pc to US$16bn

18 Jul 201476 Views

Search giant Google has posted second-quarter revenues of US$16bn, up 22pc on last year. The company also revealed chief business officer Nikesh Arora is leaving to head up SoftBank’s internet and media division.

During the quarter, Google entered into a deal to sell Motorola Mobile to Lenovo for US$2.9bn.

Google reported that net income increased from US$3.2bn this time last year to US$3.4bn.

Google-owned sites generated revenues of US$10.9bn, or 69pc of total revenues, a 23pc increase year-on-year.

Partner sites generated revenues of US$3.42bn, or 21pc of total revenues, and a 7pc increase on last year.

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Revenues from outside the US totalled US$9.3bn.

Momentum

“Google had a great quarter,” said Patrick Pichette, CFO of Google. “We are moving forward with great product momentum and are excited to continue providing amazing user experiences, with a view to the long term.”

The company also revealed Arora is leaving after 10 years to take up the role of vice-chairman of SoftBank and CEO of SoftBank’s internet and media division.

Google’s business founder Omid Kordestani, who has led Google’s sales teams for many years, will replace Arora.

Google screen image via Shutterstock

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

editorial@siliconrepublic.com