Google revenue and earnings beat forecasts, with net income at $3.93 billion for Q2 2015
The search giant Google recorded a beat today as earnings season kicked off in earnest. Apple will report next week.
Google’s revenue came in at $17.7 billion, with net income of $3.93 billion. Despite the fact that the pace of revenue growth was half what it was a year ago, the results still beat investor forecasts. As a result. Google stock jumped higher over 7 percent in after-hours trading
Here is the first part of the Google earnings statement:
MOUNTAIN VIEW, Calif. – July 16, 2015 – Google Inc. today announced financial results for the quarter ended June 30, 2015.
“Our strong Q2 results reflect continued growth across the breadth of our products, most notably core search, where mobile stood out, as well as YouTube and programmatic advertising”, said Ruth Porat, CFO of Google. “We are focused every day on developing big new opportunities across a wide range of businesses. We will do so with great care regarding resource allocation.”
Q2 2015 Financial Highlights
The following summarizes our consolidated financial results for the quarters ended June 30, 2014 and 2015 (in millions, except for per share information; unaudited):
Operating income, operating margin, net income, and earnings per share (EPS) are reported on a GAAP and non-GAAP basis. Non-GAAP operating income and non-GAAP operating margin exclude stock-based compensation (SBC) expense from continuing operations. Non-GAAP net income and non-GAAP diluted EPS exclude SBC expense from continuing operations, net of the related tax benefits, as well as the impact from Net Loss from Discontinued Operations. Non-GAAP diluted EPS also excludes the impact from the adjustment payment to Class C capital stockholders. These non-GAAP measures, as well as free cash flow, an alternative non-GAAP measure of liquidity, and non-GAAP constant currency revenues and growth, are described and reconciled to the corresponding GAAP measures at the end of this release…