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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.

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Latest comments (4)

Andrew Ihegbu Studying Bsc Commercial Music, University of Westminster4 years ago
This quarter? Wait I thought Moto was bought by Google ages ago?
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Harrison Smith Studying Games and Graphics Programming, Royal Melbourne Institute of Technology4 years ago
I wonder how many of those 250 million g+ accounts were people wanting to remove that "Sign up to Google plus now" Button on the top left corner on google pages.
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Sebastian Moss Editor -in- Chief, PlayStation LifeStyle4 years ago
@Andrew Regulatory approval took ages as usual
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Nicholas Pantazis Senior Editor, VGChartz Ltd4 years ago
@ Harrison and a lot of them were Android purchasers, who get accounts automatically now on new Android phones. That said, growth starts somewhere... and it's certainly doing a lot better than any other social networks at battling the Facebook giant.
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