Google has announced its second quarter earnings for 2012 in which it said it generated $12.21 billion in revenue and $2.79 billion in profit on $8.42 per share. Wall Street originally projected the firm to record a lesser $8.41 billion in revenue. The company’s revenues represent a 21% increase over the same quarter last year, and that was attributed to new products.
“Google standalone had a strong quarter with 21% year-on-year revenue growth, and we launched a bunch of exciting new products at I/O – in particular the Nexus 7 tablet, which has received rave reviews,” said Larry Page, CEO of Google. “This quarter is also special because Motorola is now part of the Google family, and we’re excited about the potential to build great devices for users.”
Google said its websites generated $7.54 billion in revenue, or 69% of the company’s overall revenues, during the quarter. That figure is up 21% from the same quarter of last year. The company’s partner sites generated $2.98 billion in revenue, totaling 27% of overall revenues for the quarter, which was a 20% leap over the same quarter last year. Paid clicks increased 42% over the same period last year and cost-per-click decreased 16% since the same time period.
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