engine - 1:45 pm on Jul 15, 2011 (gmt 0)
Here's google's statement
Google Inc. (NASDAQ: GOOG) today announced financial results for the quarter ended June 30, 2011.
We had a great quarter, with revenue up 32% year on year for a record breaking over $9 billion of revenue, said Larry Page, CEO of Google. I'm super excited about the amazing response to Google+ which lets you share just like in real life.
Google reported revenues of $9.03 billion for the quarter ended June 30, 2011, an increase of 32% compared to the second quarter of 2010. Google reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs (TAC). In the second quarter of 2011, TAC totaled $2.11 billion, or 24% of advertising revenues.