Google Reports $9.03 Billion In Revenue For Quarter Ended June 30, 2011
Google Inc. (NASDAQ:GOOG) has reported their financial results for the quarter that ended on June 30, 2011. Google reported revenues of $9.03 billion for the quarter. This is a 32% increase from the second quarter of 2010. Google’s traffic acquisition costs (TAC) was $2.11 billion, or about 24% of advertising revenues.
Google owned websites generated revenues of $6.23 billion (69% of total revenues). Partners through AdSense generated revenues of $2.48 billion (28% of total revenues). Google’s revenues from outside of the United States amounted to about $4.87 billion.
Google has $39.1 billion in cash, cash equivalents, and marketable securities as of the end of the quarter. Google’s employee count is 28,768. This excludes the 450 employees that they hired as part of the acquisition of ITA Software.@amitchowdhry or on Google+ at +AmitChowdhry