Interweb titan Google has reported a revenue of $6.82 billion for Q2, up 24% compared to the same period of 2009, and a net income of $1.84 billion (up the same percentage on-year), but still managed to worry analysts as increased spending meant earnings didn't meet expectations.
The EPS (earnings per share) prediction for Q2 was on average $6.52 but Google's result was $6.45 and that led to a slip of almost 4% in g-share value.
Google sites were once again the big money-makers as they brought in $4.50 billion or 66% of total revenues, while most of the rest - $2.06 billion, was generated by partner sites through AdSense programs.
“Google had a strong second quarter,” said Eric Schmidt, CEO of Google. “Solid growth in our core business and very strong growth in our emerging businesses drove 24% revenue growth year over year. We saw strength in every major product area, as more and 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.”
Google finished Q2 with 21,805 full-time employees, up from 20,621 at the end of Q1.