Google Releases Second Quarter Results

Google’s earnings for the second quarter are out. The data:
Revenue: $3.87 billion, up 58% from the second quarter of 2006, up 6% from the first quarter of 2007
GAAP operating: $1.10 billion, 29% of revenues, down from $1.22 billion, or 33% of revenues, in the first quarter of 2007.
Non-GAAP operating income: $1.35 billion, 35% of revenues, down from $1.41 billion, or 38% of revenues, in the first quarter of 2007.
GAAP net income: $925 million, down from $1.0 billion in the first quarter of 2007
Non-GAAP net income: $1.12 billion, down from $1.16 billion in the first quarter of 2007.
GAAP Eearnings Per Share: $2.93, down from $3.18 for the first quarter of 2007
Non-GAAP Eearnings Per Share: $3.56, down from $3.68 in the first quarter of 2007.
Traffic acquisition costs: $1.15 billion, 30% of ad revenues, a decrease from 31% in the first quarter.
Stock based compensation was $242 million, up from $184 million in […]

Original post by Nathan Weinberg