Google Posts $3.9bn Q2 Profits

By David Murphy

Search on Mobile

Google has posted a 17 per cent year-on-year increase in profits of $3.9bn (£2.5bn) for Q2 2015, off the back of gross revenues of $17.7bn, up 11 per cent on Q2 2014.

Google said its revenues would have been more than $1.1bn higher given more favourable foreign exchange rates. Paid clicks rose 18 per cent in the quarter, though the cost per click fell 11 per cent from a year ago.

Commenting on the results, Google CFO Ruth Porat said: “Our strong Q2 results reflect continued growth across the breadth of our products, most notably core search, where mobile stood out, as well as YouTube and programmatic advertising. We are focused every day on developing big new opportunities across a wide range of businesses. We will do so with great care regarding resource allocation.”

Google shares rose 5 per cent to $580 in after-market trading off the back of the results.

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Source:: Mobile App News