Google on Friday reported an 11% year-on-year increase in revenues to US$17.73 billion in the three months to the end of June, thanks in part to strong mobile advertising revenues.
The search giant’s overall advertising revenue came in at $16.02 billion, also up by 11% on the year-ago quarter.
"Our strong Q2 results reflect continued growth across the breadth of our products, most notably core search, where mobile stood out, as well as YouTube and programmatic advertising," said Ruth Porat, who joined Google as its new chief financial officer earlier this year.
"We are focused every day on developing big new opportunities across a wide range of businesses," Porat said. "We will do so with great care regarding resource allocation."
That note of caution on cost control appears to have found favour with investors. Google’s shares were up by around 15% on Friday.
GAAP net income grew by 17.3% to $3.93 billion, while on a non-GAAP basis the bottom line increased by 17.7% to $4.83 billion.
