Googlereported earnings after the market closed today for the quarter ending June 30, 2011.
Second quarter net income rose to $2.51 billion, or $7.68 a share, from $1.84 billion, or $5.71 a share an increase of 36%.
Net revenue for the period ended June 30 was up 32% $6.92 billion. Excluding one-time items, Google said that earnings for the quarter were $8.74 a share.
Google said that its paid clicks, rose roughly 18% compared to the same period last year.
Google’s “cost per click,” rose about 12% in the quarter.
Operating expenses rose to $2.97 billion, compared to $1.99 billion in the quarter last year, the increase in expenses was due primarily to hiring.
Google said that it added nearly 2,500 new employees in the second quarter, to 28,768.
Google also said that 550,000 Android devices are being activated every day.
Shares of Google are up in after hours trading over 12% or a whopping $66 a share to $595.00
It was just a few weeks ago that shares were trading around $480.
Time to tax them and share the wealth!!
Through InternetTraffic.com I’m seeing these higher earnings…… much, much higher than anywhere else.
Not so with ANY other domain parking company which leads me to believe they all have been colluding to hold back a LOT of our earnings for themselves.
After all, they all know each other and go to the same conferences, talk on the phone to each other, etc…..
Google is making the cash, Franky is sharing it. How about the rest of these tightwad parking companies? No. They are all so shady.
It’s sad they were literally bilking us for years.
I tip my hat to Franky, for treating us right.
They also got a very favorable currency exchange rate in the quarter.
Dollar dropped quiet a bit in Q2.
Overall this is very unusual for any internet company including google to see such a big jump in q2 vs q1.
“Time to tax them and share the wealth!!”
You can’t do that, the Double Irish, Dutch Sandwich and the Bermuda Triangle ate most their profits 😉
abcnews.go.com/WN/google-loophole-dodge-corporate-taxes-bloomberg-report/story?id=11939752
Still think Google’s Panda update was about quality?
Rick Schwartz…wrong again!
He said groupon, facebook, twitter, livingsocial…are a big threat to google’s profits.
He went on and on and on and on about groupon being a big threat to google and it’s stock price is going no where but down…
http://www.ricksblog.com/my_weblog/2011/04/groupon-vs-google-there-is-a-reason-googles-stock-is-going-nowhere.html
I have 5 words for you Rick…..Numbers don’t lie, people do!
Have A Great Day!
To give an example of the difference between Adsense and another monetization provider – Domain Holdings’ RapidDomainBuilder – I have a Spanish wedding dress domain with a minisite on a .TV domain monetized with Adsense which has perhaps ten times as much traffic (older site) as the same keyword .info which amazingly after a short time ranks #1 at Yahoo. In either case, the .info site is making more on Domain Holdings’ platform with far less traffic than the .tv site monetized with Adsense… Adsense clicks in Spanish are generally abysmal.
Funny how my Adsense earnings keep going down while Google becomes more profitable.
Hmmm. Any correlation?
Anunt quote
” Rick Schwartz…wrong again! ”
You really have a hard-on for Schwartz.
You attempt to jab him whenever you can.
Too bad you are not famous.
So, we coul analyze all of your comments.
But, no one is keeping track of yours.
Interesting to see that the earnings per click go up and the earning per click for domainsers are decreasing since years. The question is, if google paying the parking companies less and less or are the parking companies paying the domainers less over the years.
Leonard, that is very interesting.
Google has a very sophisticated accounting process in Mountain View.
An employee sits at the desk with a pile of pennies in front of him.
He moves the pennies to different parts of his desk.
“One for us and one for you.”
“One for us and one for you.”
“One for us and one for you.”
“One for us”. “What the heck. The rest are ours.”
Its suprising reading people about them seeing decreasing cpc payouts, I was just thinking that mine seems to be rising slightly, maybe a blip we’ll see. Im talking about adsense on sites not parking.
AdSence returns keep falling ?