Google Q2 revenues of $17.7 billion 11% better
Constant currency revenue growth was 18% year over year, There was strong performance of core search business, particularly mobile, complemented by growth in YouTube and Programmatic Advertising.
GAAP and non-GAAP operating income grew 13% and 16%, respectively, year over year. GAAP diluted EPS for Class A and B common stock and Class C capital stock of $4.93 and $6.43, respectively, and non-GAAP diluted EPS of $6.99. Strong operating cash flow was $7 billion.
Had foreign exchange rates remained constant from the second quarter of 2014 through the second quarter of 2015, Google's revenues in the second quarter of 2015 would have been $1,103 million higher with a constant currency growth rate of 18% year over year.
This includes a foreign exchange rate impact of $1,574 million, offset by hedging gains of $471 million related to our foreign exchange risk management program. ■