It’s earnings time. And it’s Google’s turn. So it’s time to see how well the search engine did in Q2 of the 2014 year. Their revenue for the quarter ending on June 30, 2014, were $15.96 billion, which is a 22% increase year over year. Q2 2013 saw a $13.11 billion revenue. Breaking that down, site revenues accounted for 69% of their revenue which is roughly $10.94 billion. Bringing in a 23% increase year-over-year. Google’s partner sites generated about $3.42 billion in revenue which is roughly 21% of their total revenue. Also a 7% increase over Q2 2013.
As far as their operating income goes, in the second quarter it accounted for $4.26 billion which is 27% of their revenues. Compared to $3.47 billion in 2013. Making a 1% rise year over year. As of June 30, 2014, cash, cash equivalents, and marketable securities were $61.20 billion. This excludes the cash classified as held for sale, compared to the $58.72 billion as of December 31, 2013. As far as head counts go, Google had 52,069 full-time employees as of June 30, 2014. Compared to 49,829 full time employees as of March 31, 2014. Now remember that Motorola is still under Google’s ownership as the Lenovo deal for Motorola isn’t yet official. So the breakdown between the companies are 48,584 for Google, and 3,485 for Motorola as of June 30, 2014. Compared to 46,170 for Google and 3,659 for Motorola as of March 31, 2014. Also important to remember that results for Motorola is presented as “Net income (loss) from discontinued operations”.
Net income from discontinued operations for Q2 were $68 million. Which compared to $454 million in Q2 of 2013, is quite a difference. Google noted that if they had presented Motorola Mobility as an operating segment, their revenue for the second quarter would have been $1.73 billion. Which is $72 million lower than what was included in the net loss from discontinued operations.
Google’s webcast for the second quarter financial earnings will be taking place in just a little bit. Around 4:30pm ET or 1:30pm PT. If you’re interested in watching, we have the video embedded down below for your convenience.