The tech industry is a huge battlefield where no true allies exist and everyone is racing to conquer the market. Companies fall and rise, but we can count on one tech giant to always come out with positive numbers – Google. The Search Giant is never taking it easy. This shows in their earnings results, and the Q2 2014 call is no exception.
Google raked in $15.96 billion in revenue during Q2 2014, which is outstanding. This is a 22% increase over last year’s Q2 revenues, aiding in Google’s constantly-raising bar. The only issue lies in Google’s inability to tap into higher net income, despite their continuous growth.
Income numbers tend to be very consistent, but it’s always sad to see them go down. At $3.42 billion in net income, the Search Giant is significantly lower compared to last quarter. The reason for this? The exact details are not given, but we know Google loves investing into the future. That costs substantial amounts of cash, especially knowing the company is so ambitious.
By keeping investments and cost of business high, Google secures its spot in future technologies and ventures. It’s just the way it seems to work. Driverless cars, internet-providing balloons and smart contact lenses don’t come cheap, guys! Not to mention, projects like Android and Chrome are constantly expanding, improving and evolving.
Our friends from The Verge have put together a very neat infographic that shows Google’s earnings results over the past few years. It’s a very interesting graph, and we are sure we can thank much of Google success to Android, now the biggest mobile operating system in the world.
You can also take a listen to the full earnings call, which we have embedded above. It’s a whole hour and 19 minutes long, so you will need to clear your schedule for a while.