Google has reported revenues of $6.82bn for the second quarter of 2010, an increase of 24% as compared to $5.52bn for the same period last year.
The Mountain View, California-based company has posted an operating income of $2.37bn, or 35% of revenues, compared to an operating income of $1.87bn, or 34% of revenues, for the same period a year ago.
For the quarter ended June 30, 2010, the company reported a net income of $1.84bn, compared to $1.48bn for the corresponding period last year.
The earnings per share was $5.71 on 322 million diluted shares outstanding, compared to $4.66 in the second quarter of 2009 on 319 million diluted shares outstanding.
Google-owned sites generated revenues of $4.50bn, or 66% of total revenues. This represents a 23% increase over second quarter 2009 revenues of $3.65bn.
Google’s partner sites generated revenues, through AdSense programs, of $2.06bn, or 30% of total revenues, in the second quarter of 2010. This represents a 23% increase from second quarter 2009 network revenues of $1.68bn.
Geographically, revenues from outside of the US totaled $3.53bn, representing 52% of total revenues, while revenues from the UK totaled $770m, representing 11% of total revenues for the second quarter of 2010. The company recognised a benefit of $79m to revenues through foreign exchange risk management program.
Eric Schmidt, CEO of Google, said: "Google had a strong second quarter. Solid growth in our core business and very strong growth in our emerging businesses drove 24% revenue growth year over year.
"We saw strength in every major product area, as more and more traditional brand advertisers embraced search advertising and as large advertisers increasingly ran integrated campaigns across search, display, and mobile."
