Google continues to wow the world, this time with some real pluses.
In its Q2 earnings announcement, the search engine giant revealed that its revenue grew 30 percent year-on-year in the second quarter to $9.03 billion, according to the company's report released on Thursday. Its $6.92 billion net revenue topped $6.57 billion, the average estimate of Bloomberg analysts.
The Mountain View, California-based company earned $2.51 billion or $7.68 per share, up from $1.84 billion or $5.71 per share in the prior year quarter.
Analysts hailed the results and praised Larry Page for his solid execution.
We consider this very strong and believe it reflects strong growth in core search and momentum in display and mobile, Pacific Crest Securities analyst Steve Weinstein wrote in a note to clients. We think new CEO Larry Page did a solid job of answering investor questions and addressing concerns, RBC Capital Markets analyst Ross Sandler wrote in a note to clients.
Google's co-founder Larry Page added around $1.9 billion in personal wealth, reaching $16.25 billion.
Under Page's new leadership, Google rolled out a new social network as the company's latest attempt to beat Facebook, and surprisingly, it's quite popular so far. Google+ has gathered 10 million users in its first two weeks of beta test. The social network has created a huge buzz, with Facebook CEO Mark Zuckerberg being the most-followed person, followed by Google's co-founders Larry Page and Sergey Brin.
Google+ users are mostly male, according to some statistics. Tracking sites SocialStatistics and FindPeopleOnPlus estimated around 87% and 74% of users are male. The top occupation on Google+ is engineer, according to FindPeopleOnPlus. The stats site estimates that over 50% of users are engineers, developers, designers and software engineers. San Francisco and New York were named the most popular cities where users live.
CEO Larry Page said he was super excited about the overwhelming response to Google+.
Facebook and Twitter with their 750 million and 300 million users respectively still dominate the social network jungles. However, both of them took much longer time to reach the 10 million user benchmark, said Wired. Google+ is now the fastest-growing social network of all time, reaching one million and ten million user benchmarks with blazing speed, the website commented.
Will Google+ break a record in reaching 100 million users within the shortest time from its launch? We are yet to see, but can expect some more wows to come.