Google has strong Q2, 24% revenue growth year-over-year

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Mountain View, CA search juggernaut Google has announced their Q2 2010 financial results… and it all looks very good. Google posted revenue of $6.82 billion for the quarter (up 24% YoY), a net income of $1.84 billion (up from $1.48 billion), an effective tax rate of 24%, cash, cash equivalents, and short-term marketable securities of $30.1 billion, and an additional 1,200 employees. Other highlights from Q2 include:

  • Google-owned sites generated revenues of $4.50 billion, or 66% of total revenues
  • Google’s partner sites generated revenues, through AdSense programs, of $2.06 billion, or 30% of total revenues

Hit the read link for the full financial disclosure.Read

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