Google's revenue and profits up in Q2
Google+ social network now has 250 million registered accounts, though management claims it's still "early days"
Google saw an increase in both revenues and profits for the quarter ending June 30, 2012.
For the second quarter of calendar 2012, the company posted consolidated revenues of $12.21 billion, up 35 per cent year-on-year. Net profits were $2.79 billion, a slight increase over the $2.51 billion generated in the same quarter last year.
"We launched a bunch of exciting new products at I/O - in particular the Nexus 7 tablet, which has received rave reviews," said Google CEO Larry Page in a statement. "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."
In an earnings call following the publication of its results, the company revealed that its Google+ social network now has 250 million registered accounts. Representatives called the rate of growth "exciting", though they acknowledged it's "early days" in terms of building the community.