Google Q2 Financials Set New Revenue Record !

Google had a bit of an off first quarter this year. It’s not like they lost billions of dollars, but the financial markets were a little unhappy with the numbers. The just announced Q2 results should make everyone forget all about that though. Google reports an astounding $9.03 billion in quarterly revenue. That’s a record for Google.
When compared to last year, Google’s revenue numbers were up 32%. Most of this increase was derived from the huge Google.com numbers. Google-owned sites generated $6.23 billion of the total revenue. While paid click numbers were up 18% year-over-year, they were down 2% from last quarter. Net cash flow amounted to $3.52 billion.
We have also learned that Google has a spectacular pile of reserve funds in the bank; $39.1 billion when all cash ans securities are taken into account. With over 28,000 employees and that kind of cash, it’s clear that Google is poised to continue it dominance of the Internet.

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