Google [GOOG] has just posted its second quarter results, announcing solid growth in their core business and very strong growth in their emerging businesses, with a 24% revenue growth year over year.
Google posted revenue of $6.82 billion for the quarter (up 24% YoY), a net income of $1.84 billion (up from $1.48 billion), an effective tax rate of 24%, cash, cash equivalents, and short-term marketable securities of $30.1 billion, and an additional 1,200 employees.
Google-owned sites generated revenues of $4.50 billion, or 66% of total revenues, in the second quarter of 2010. This represents a 23% increase over second quarter 2009 revenues of $3.65 billion.
Google’s partner sites generated revenues, through AdSense programs, of $2.06 billion, or 30% of total revenues, in the second quarter of 2010. This represents a 23% increase from second quarter 2009 network revenues of $1.68 billion.
You can read Google full announcement here.
Via BGRFiled Under: Technology News