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Google Q2 revenues of $17.7 billion 11% better

Staff writer |
Google announced financial results for the second quarter ended June 30, 2015. Google reported revenues of $17.7 billion and revenue growth of 11% year over year.

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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.

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