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Google Lays Out Q2 Earnings, Beats Revenue Expectations

It’s Google earnings day, with Mountain View posting up their second quarter financials for the year of 2014. This quarter, revenue was up 22% year-over-year to $16 billion, with Q2 of 2013 ending at $13.11 billion. Patrick Pichette, CFO of Google, stated in the earnings report, “We are moving forward with great product momentum and are excited to continue providing amazing user experiences, with a view to the long term.” 

During the earnings call, which takes place at the end of each quarter, Google’s CFO and Senior VP and Business chief Nikesh Arora spoke about the growth of YouTube, the urge to grow Google Fiber steadily across the country, and the need to continue growing the company’s ad business. Although, in a bit of sad news, it was learned today that Nikesh would be leaving Google to pursue a role at Softbank.

Google’s cash on hand is listed at $61.20 billion, which excludes cash classified as held for sale. In the report, Google states, “we expect to continue to make significant capital expenditures.” Naturally, Google will continue to be Google, making large purchases. 

Employee count is listed at 52,069 full-time employees, 48,584 of those being a part of Google and 3,485 in Motorola Mobile.

Google shares climbed by 1.2% in after hours trading once the earnings report came out.

Via: Google Investor Relations

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