After giants like Research In Motion, Nokia and Microsoft posting losses in their quarterly financial report, here is a news that uplifts the gloomy mood surrounding tech world. Google Inc announced its second quarterly reports, posted a $12.21 billion in net revenue, a 35% increase increase compared to the second quarter of last year.
Of the total revenue, $10. 96 billion of the revenue was generated by advertising alone which comes to around 90% of the consolidated revenues. This signifies a 21 % increase in the advertising revenue over second quarter 2011 revenues of $9.03 billion.
Revenues generated by Google-owned sites reached $7.54 billion, which is a 21% increase over Q2 2011 that was $6.23 billion.
$2.98 billion was generated in revenues by Google’s partner sites, which represents a 20% increase from second quarter 2011 Google network revenues of $2.48 billion.
The search giant’s international revenue accounted at $5.96 billion, a 54% increase as compared to the last quarter as well as the Q2 in 2011.
Larry Page, CEO Google said, “Google standalone had a strong quarter with 21 per cent year-on-year revenue growth, and we launched a bunch of exciting new products at I/O — in particular the Nexus 7 tablet, which has received rave reviews.”
After completing its acquisition of Motorola Mobility in May, this year, Google seems excited about the potential to build great devices for its users. The Mountain View based tech giant also introduced numbers from the recently acquired Motorola in its Q2 financial report. The company registered revenues amounting to $1.25 billion, which makes up for 10% of Google’s consolidated revenues of $12.21 billion. Although on that revenue, Motorola reported a record loss of $233 million.
