Google on Thursday reported its second quarter 2014 earnings. The company noted earnings of $6.08 per share on $15.96 billion in revenue, missing Wall Street expectations of $6.24 earnings per share, but beating revenue expectations that called for $15.62 billion.
"Google had a great quarter with revenue up 22% year on year, at $16.0 billion," Google CFO Patrick Pichette said Thursday evening. "We are moving forward with great product momentum and are excited to continue providing amazing user experiences, with a view to the long term." 69 percent of Googles total revenues, or $10.94 billion, was generated by its family of sites. Network revenues of $3.42 billion accounted for 21 percent of all revenues, while the remaining $1.60 billion in revenue was generated in other categories. 58 percent of Google's total revenues during the quarter came from outside of the U.S. Paid clicks jumped 25 percent over the same quarter last year, while cost per click decreased 6 percent.
Google said it's now sitting on $61.20 billion in cash, which means it has a lot of money to move around, whether it's for additional acquisitions or expensive new moonshot programs.
Finally, the firm said that its current chief business officer, Nikesh Arora, is departing the firm for SoftBank, where he will serve as the vice chairman and the CEO of SoftBank Internet and Media.
Shares of Google are up about 1.25 percent in after-hours trading on the news, despite the miss on earnings.
Win an iPhone, iPad and Apple Watch with the Reader's Choice giveaway!
What's the best phone of 2019? Is it the iPhone 11 Pro, Pixel 4 or OnePlus 7T? What about the best laptop, games console, tablet and more? Vote NOW in the Reader's Choice awards and win BIG in time for the holidays!
Here are the best products from IFA 2019!
Here are the products announced at IFA 2019 that were worthy of our Best of IFA 2019 awards. Also featuring MrMobile's single best product at the show!
Pixel 4 hands-on videos reveal all, including new 'Screen attention' mode
The Pixel 4 leaks continue to be fierce. Most recently, three hands-on videos showcasing the Pixel 4 in all of its glory have been uploaded to YouTube.
Keep that impressive Pixel 3 XL camera protected with these cases
If you have a Pixel 3 XL, chances are you're worried that its stunning glass and metal design will break during that first unexpected drop. We know the feeling, so we’ve compiled the best cases to keep your phone protected.