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July 20, 2012 12:10 am GMT

Google Beats In Q2 2012: Revenue Up 35 Percent To $12.21B, $2.79B In Net Income

googleGoogle just announced its second quarter 2012 earnings this afternoon, reporting revenues of $12.21billion, an increase of 35% from thefirst quarter ending March 31, which saw revenues of $10.65 billion. Minus traffic acquisition costs, Google pulled in $9.61 billion in revenue.Non-GAAP EPS in the quarter was $10.12.GAAP net income in the second quarter of 2012 was $2.79 billion, compared to $2.51 billion in the second quarter of 2011. Non-GAAP net income in the second quarter of 2012 was $3.35 billion, compared to $2.85 billion in the second quarter of 2011.Google was expected to report double-digit gains in both revenue and earnings, along with its first period results from its acquisition of Motorola Mobility.Consensus forecasts pegged Google to report adjusted earnings of $10.05 per share and revenues of$8.4 billion, excluding traffic costs.

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