Google reveals Q2 net profits up 35% to £626m

Google reveals Q2 net profits up 35% to £626m

Google, which runs the world’s most frequently used search engine has reported second quarter results showing net profit up 35% to $1.25billion (£626m) compared with Q2 last year.

Revenues are also up compared with last year having risen by 39% to $5.37 billion (£2.7bn).

But the profit per share in Google was $4.63 (£2.32) below Wall Street bankers’ predictions of $4.74 (£2.37) per share.

Google executives also raised the issue of facing ‘a more challenging economic environment.’

The announcement caused the company's share price to fall 7.6% to $492.75 (£247), the first time Google's stock has sunk below $500 since April 17.

Written by Mobile Today
Mobile Today


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