Companies

Google's 2Q earnings zoom

more-in

Google posted a 21 per cent jump in second quarter revenue on Thursday and an 11 per cent rise in profits as its online advertising business continued to boom.

The search engine powerhouse reported net income of 2.79 billion dollars for the period ending June 30, up from 2.51 billion dollars a year earlier.

For the first time, Google included sales of Motorola in its financial figures, giving it record revenue of 12.2 billion dollars.

Even without Motorola’s contribution, Google sales rose 21 per cent compared to a year earlier.

“Google standalone had a strong quarter with 21 per cent year-on-year revenue growth, and we launched a bunch of exciting new products ... in particular the Nexus 7 tablet, which has received rave reviews,” Google chief executive Larry Page said.

“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.”

Why you should pay for quality journalism - Click to know more

null
Related Topics Business Companies
Recommended for you
This article is closed for comments.
Please Email the Editor

Printable version | Dec 13, 2019 3:38:13 PM | https://www.thehindu.com/business/companies/Googles-2Q-earnings-zoom/article12760036.ece

Next Story