Google has announced its financial results for the second quarter of 2015. It pulled in revenues of $17.7 billion, with year-on-year growth at 11 percent. The company beat profit forecasts this quarter, but couldn’t match up to its 22 percent revenue growth achievement from last year.
Investors are pleased with Google’s performance: shares rose nearly 12 percent in after-hours trading.
The results highlight the efforts of new CFO Ruth Porat, who cited search, YouTube and programmatic advertising as drivers behind the company’s sustained growth. She added that YouTube watch time is up by 60 percent, with average viewing sessions on mobile reaching over 40 minutes.
Quartz noted that Google also hired fewer new employees last quarter than it has since the end of 2013 — indicating a conservative approach to growing the company. It brought 1,700 new employees on board, bringing its global team size to 57,000 in June.
➤ Google Inc. Announces Second Quarter 2015 Results [Google Investor Relations]