Google profits leap 24%

Google's profits climbed to $1.84bn in the second quarter, up from $1.48bn a year ago, as it benefited from advertisers running more integrated campaigns across search, display, and mobile.

Google: chief executive Eric Schmidt confident about the future
Google: chief executive Eric Schmidt confident about the future

However, UK revenues made up a lower share than a year ago at the search giant. These revenues amounted to $770m, 11% of total revenues in the three months to the end of June. A year ago, revenues in the UK made up 13% of group revenues.

Overall, the net profit figure of $1.84bn for the quarter was up by around a quarter on the previous year.

Eric Schmidt, chief executive of Google, said the company felt "confident about our future, and plan to invest aggressive in our core areas of strategic focus".

Schmidt highlighted "solid growth" in its core business and traditional brand advertisers embracing search advertising as helping increase revenues to $6.82bn in the period, up from $5.52bn a year ago.

Outside the US, revenues reached $3.53bn, which represented 52% of its total revenues in the quarter, down from 53% a year earlier.

Google also boosted its employee numbers significantly over the quarter. It said that by 30 June, it employed 21,805, up from 20,621 since March 31 this year.

Despite disclosing strong revenue growth, the company's performance fell shy of analysts' expectations.

Google last week received a fillip when the Chinese government renewed its licence to allow the company to operate in the country.

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