Google Breaks $9 Billion in 2nd Quarter

Filed under: News — Brian

Google has released it’s Second Quarter 2011 Financial Results, which features it’s record-breaking $9.03 billion in revenue for the 2nd quarter of 2011 — a significant boost over what analysts were predicting and a 32% increase over 2nd quarter 2010.

CEO Larry Page said, “We had a great quarter, with revenue up 32% year on year for a record breaking over $9 billion of revenue.” He then added in a plug for Google’s new social network, “I’m super excited about the amazing response to Google+ which lets you share just like in real life.”

Revenues for Google’s record-breaking quarter included $6.23 billion from Google-owned sites, and $2.48 billion from Google’s Adsense partner network.

The quarterly report also revealed that the average cost-per-click for Google Adwords and Display Network ads increased 6% over first quarter, and 12% over 2nd quarter 2010. We also learned that Google currently has 28,768 full-time employees and $39.1 billion in cash, cash equivalents, and marketable securities.

15 years after it was founded and after years of doomsayers predicting their downfall, Google still shows no signs of slowing down. Now with reports showing that Google has among the highest user satisfaction and their new Google+ social network picking up speed and phenomenal reviews, even the strongest security ceiling is unlikely to keep Google contained.

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