Google Q2 profit up 35 percent at $1.25B
SAN FRANCISCO — Google’s second-quarter profit rose 35 percent from a year ago to $1.25 billion, led by strong growth outside the US market in online advertising operations, the Internet giant said Thursday.
The results however were below most Wall Street forecasts with a profit excluding special items of $4.63 per share, compared with a consensus expectation of $4.84.
Google reported revenues of $5.37 billion for the quarter to June 30, an increase of 39 percent from a year earlier and up three percent from the first quarter.
"Strong international growth as well as sustained traffic increases on Google’s web properties propelled us to another strong quarter, despite a more challenging economic environment," said Eric Schmidt, Google’s chief executive.
"As we continue to focus on innovating in our core business of search, ads and apps, we also look forward to enhancing the experience of our users and expanding the reach of our advertisers and partners with new technologies and formats, particularly as our integration of DoubleClick gains momentum and creates new opportunities in display advertising and elsewhere."
Google earlier this year completed its takeover of online advertising firm DoubleClick, strengthening its domination of the lucrative online ad business.
Reference: http://inq7.net
