Google has just announced its Q2 2015 earnings, showing strong growth in revenues and net income for the quarter compared to last year. Total revenues for the quarter were $17.7 billion, up from $15.9 billion in 2014, and net income was $3.93 billion, up from $3.35 billion. Those numbers are strong despite heavy currency fluctuations, which dropped revenues by an estimated $1.1 billion.
Breaking down the revenues, Google’s websites contributed $12.4 billion of the revenue, up 13 percent over last year, while the “other revenues” segment — which includes the Nexus business — came out to $1.7 billion, up 17 percent year-over-year.
Paid advertisement clicks, a major part of Google’s business, were up 18 percent year-over-year- and seven percent quarter-over-quarter, while paid clicks on Google’s own websites were up 30 percent year-over-year and 10 percent quarter-over-quarter. In a continuing trend, cost per click dropped again, this time 11 percent year-over-year and 4 percent quarter-over-quarter.
Operating expenses for Q2 were $6.319 billion, which works out to 36 percent of revenues. At the end of the quarter Google held $69.78 billion in cash and cash equivalents, up from $61.2 billion last year, and its effective tax rate kept steady at 21 percent for the quarter.
On the employment side of things, Google’s total number of employees grew to 57,148, up significantly from 48,584 in the same quarter last year.
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