Google Q2 Profit Surges 24%
Submitted by Gurpreet Singh on Sat, 07/17/2010 - 06:11
Google has registered an increase of 24%in its second quarter profit, which stood at $1.84 billion on account of an overall revival in demand for online advertising.
Google had made a profit of $1.48 billion during the three month period ended June 2009.
The overall revenue of the company increased by 24% to $6.82 billion during the three month period under review as compared to $5.52 billion in the same period of 2009.
Google CEO Eric Schmidt stated, "Solid growth in our core business and very strong growth in our emerging businesses drove 24% revenue growth year-over-year."
The company's proceeds from outside the United States stood at $USD 3.53 billion, which contributed 52% to the total income during the second quarter.
"We saw strength in every major product area, as more traditional brand advertisers embraced search advertising and as large advertisers increasingly ran integrated campaigns across search, display and mobile. We feel confident about our future and plan to continue to invest aggressively in our core areas of strategic focus," Schmidt added.
The revenues from advertising business surged 22%during the second quarter.
During the April-June period, Google's capex amounted to $476 million, a major part of which pertained to IT infrastructure investments including data centres, servers as well as networking tools.
The income produced by Google-owned internet sites witnessed 23%surge at $4.50 billion.
Internationally, the company had 21,805 full-time staff at the end of June this year, which was up from 20,621 workers during the last quarter ended March 2010.
