Google shows profits for Q2 2010. 24% year-over-year growth.
Posted on 02. Aug, 2010 by Lawrence Martin in Google News
Seeing it’s about time to calculate its revenue, Google decided to show off a bit and share the statistics on their profits and incomes from the second quarter of this year. We’ve seen how well HTC and Sony Ericsson did in 2010’s Q2 and it seems that Google wasn’t doing too badly either. It actually sounds pretty good. Google reported an increase of 24% year-over-year in the second quarter of 2010 compared to 2009.
With a total of $6.82 billion, reported as consistent with GAAP, on a gross basis without deducting TAC (traffic acquisition costs) which totaled $1.73 billion, or 26% of advertising revenues, Google had a net income of $1.84 billion for the quarter that ended on June 30, 2010, $360 million more that last year’s $1.48 billion. The company’s earnings per share in Q2 2010 consisted of $5.71 on 322 million diluted shares outstanding, compared to $4.66 in the same four months of 2009 on 319 million diluted shares outstanding. The revenues that came from Google’s owned sites represent 66% of the total revenues which means about $4.50 billion (23% increase compared to 2009).
- Google shows profits for Q2 2010. 24% year-over-year growth.
Through AdSense programs, Google made from its partner sites approximately 30% of the total (that’s about $2.06 billion) increasing their cash flow in this sector with the same 23% year-over-year. From the total revenue, a percentage of 52 came from outside of the United States, less with 1% than in the first quarter of 2010 and also in the second quarter of 2009 which had 53% of international revenues. Google also stated that their effective tax rate was 24% for the quarter in question. A headcount for the company at a worldwide level shows 21,805 full-time employees as of June 30, 2010, 1,184 people more than on March 31, 2010.
Although the future looks pretty bright and optimistic, or as Eric Schmidt, CEO of Google puts it, “We feel confident about our future, and plan to continue to invest aggressively in our core areas of strategic focus”, Google isn’t out of harm’s way and we’ve seen forward-looking statements from the press release that involve risks and uncertainties that may come from their continued investments in different areas of interest, from their expected stock-based compensation charges or from the plans to make significant capital expenditures.
Related posts:
- Samsung shows Q3 2010 profits. Galaxy S going for Diamond before year’s end
- Verizon shows lower EPS but overall income increase in Q2 2010 financial report
- Intel announces financial Q2 2010 results, shows best EPS ever
- Sony Ericsson shows profitable Q2 2010 mostly caused by the Xperia X10
- HTC reports 5.4 million handets sold in Q2 2010
