Google posts Q2 2014 earnings report: $15.96 billion in revenue, 22% increase from previous year
Ahead of their Q2 2014 earnings call, Google has issued an official press release for their Q2 earnings. Revenue is up 22% from last year, hitting a cool $15.96 billion.
Operating income came in at $4.26 billion (up from $3.47 billion the previous year), making for 27% of their revenue. When all is said and done, Google’s net income came in at $3.42 billion. For those curious about how Google did last quarter, they posted $15.4 revenue and $4.12 billion net (27% of revenue). That’s a nice 3% increase.
Google sites (Google owned properties like YouTube, Maps, etc.) accounted for $10.94 of their total revenue, a 23% increase from last year (partner sites accounted for $3.42 billion). Paid clicks saw a 25% increase from 2013, while cost-per-click dropped 6%.
Patrick Pichette, Google CFO Patrick Pichette said during the call:
“We are moving forward with great product momentum and are excited to continue providing amazing user experiences, with a view to the long term.”
Google also mentions they saw 300% increase in bringing traffic to businesses via smartphones and tablets and when it came to the Motorola team, they’re said to still hard at work, seeing “strong sales in emerging markets” with the wallet-friendly Motorola Moto E and Motorola Moto G.
The earnings call was kind of bitter sweet, as it was — after 10 years with the company — Google’s Chief Business Officer Nikesh Arora’s last call before parting ways for a new role at SoftBank. Arora will now be the Vice Chairman and CEO of SoftBank’s Internet and Media Division and we wish him the best of luck in his new endeavors. Omid Kordestani will be he filling his shoes moving forward.