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Google Q2 revenues advance 22% to USD 16 bln

2014-07-18 08:03:00| Telecompaper Headlines

(Telecompaper) Google said second-quarter revenues lifted 22 percent from the year before to USD 15.96 billion. The figure excludes traffic acquisition costs, which reached USD 3.29 billion, or 23 percent of advertising revenues. Sites generated revenues of USD 10.94 billion, up 23 percent from the year before, while Network Revenues went 7 percent higher to USD 3.42 billion. Other revenues represented USD 4.6 billion, up 53 percent. Revenues from outside the US totaled USD 9.33 billion, of 58 percent of total revenues. Revenues from the UK amounted to USD 1.62 billion. Operating profit rose to USD 4.26 billion from 3.47 billion the year before. Net profit increased to USD 3.42 billion or USD 4.99 per share, from 3.23 billion or 4.77 per share. Motorola's results were recorded as discontinued operations, pending the sale of the handset business to Lenovo. Motorola contributed a net loss of USD 198 million for the quarter. Operating cash flow amounted to USD 5.63 billion, compared to 4.71 billion the year earlier. Free cash flow reached USD 2.98 billion. Capex went to USD 2.65 billion, mainly for data-centre construction, real estate purchases, and production equipment. The company said it expects to continue making significant capital expenditures. At the end of June, Google had USD 61.20 billion in cash, cash equivalents, and marketable securities, compared to 58.72 at end December. 

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