Google Co-Founders $8 Billion Richer on Google Shares Surge (Bloomberg video above)
UPDATE: Friday, July 17, 2015 -- Google co-founders Larry Page and Sergey Brin added almost $4 billion each to their individual fortunes Friday as shares of the Internet search giant surged (see 5-day chart below). Bloomberg's Julie Hyman reports on “Bloomberg Markets.” (Source: Bloomberg)
Google shares surged Friday, July 17, after earnings reported yesterday (see UPDATE below) GOOGLE Class A closed at $699.62 a record one-day gain today (chart source: google.com) |
LIVE (Replay) Webcast Q2 2015 Earnings Conference Call, July 16, 4:30 pm EDT (US)
Slides: https://investor.google.com/pdf/2015Q2_google_earnings_slides.pdf
Featuring: Ruth Porat, CFO, and Omid Kordestani, Chief Business Officer
Google Inc. (NASDAQ: GOOG, GOOGL) held its quarterly conference call to discuss second quarter 2015 financial results on Thursday, July 16th at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). The live webcast of Google’s earnings conference call above can also be accessed at investor.google.com/webcast.html.
- Revenues of $17.7 billion and revenue growth of 11% year over year; constant currency revenue growth of 18% year over year
- 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 of $7.0 billion
“Our strong Q2 results reflect continued growth across the breadth of our products, most notably core search, where mobile stood out, as well as YouTube and programmatic advertising”, said Ruth Porat, CFO of Google. “We are focused every day on developing big new opportunities across a wide range of businesses. We will do so with great care regarding resource allocation.”
- Download press release pdf
- Download financial data pdf
- Open financial data in new window
- https://investor.google.com/earnings/2015/Q2_google_earnings.html
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