July 14, 2011 08:07 pm EDT

Google announces Q2 earnings: $9.02 billion in revenue, $2.51 billion in net income

It's everybody's favorite time of year. Yup, the Q2 earnings results are coming in, and Google's leading the pack, reporting $9.02 billion in gross revenue for the second quarter of 2011: a 32 percent increase over the same period in 2010. CEO Larry Page notes, that's a "record breaking over $9 billion of revenue," with net income reaching $2.51 billion, up from $1.84 billion in Q2 2010. Google's various sites apparently made up 69 percent of the $9.02 billion in revenue, generating $6.23 billion -- 2010 numbers were $4.50 billion. Operating expenses saw a notable increase over 2010, cutting into profits by $2.97 billion, up from $1.99 billion.

Larry Page has just announced some Android usage numbers, pointing out that 550,000 devices, rocking the little green robot, are being activated per day. That's up from the 500,000 announced late last month.

We're now on the earnings call (which you can listen into here), and we'll keep you posted if we learn anything new.

Developing...

Continue reading Google announces Q2 earnings: $9.02 billion in revenue, $2.51 billion in net income

Google announces Q2 earnings: $9.02 billion in revenue, $2.51 billion in net income originally appeared on Engadget on Thu, 14 Jul 2011 16:07:00 EDT. Please see our terms for use of feeds.

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Original Link: http://www.engadget.com/2011/07/14/google-announces-q2-earnings-9-02-billion-in-revenue-2-51-bi/

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