Google posted their second quarter earnings yesterday containing financial results for the quarter ended June 30, 2005. Check out the press release here as well as a rough transcript of the Google earnings call courtesy Gary Price of Search Engine Watch.
Some quick points of interest from these two documents:
- There’s been a big recruitment push. 4,183 full-time employees at end of Q2 2005. 3,482 at end of Q1 2005. 2292 employees as of 6/30/04. That’s a lot more lava lamps (every new hire gets one).
- International growth. New offices in Brazil, Mexico, and Shanghai.
- Some investors are worried. Google’s Q2 revenue rose by only 10% from the previous quarter compared with revenue growth that had ranged between 15 percent and 28 percent in the previous three quarters. Even though Google profits quadrupled, some analysts want to see faster growth.
- Some investors are not. Piper Jaffray analyst Safa Rashtchy, “It was becoming too much about a game of momentum. This quarter looked fine to me.”
- Google says ‘Cool it, cowboy’. George Reyes, Google’s chief financial officer, said to stop making comparisons to the third quarter one year ago, which was “unusually strong” due to sales from the company’s much vaunted IPO.
More coverage on here on Bloomberg.com.
