Google Inc. (NASDAQ: GOOG) today announced financial results for the quarter ended June 30, 2012.

As you will see below total revenue was up 35% paid clicks were up 42% but the cost per click was down 16%.

Google ended the quarter with $43 Billion in the bank and with the acquisition of Motorola now has almost 55,000 employees

Share of Google which we up over 2% during trading today are up over 3% again in aftermarket trading at $615 (previous close $580).

As the leading*monetization company in the domain name space we always find Google earnings report to be quite interesting

As for the details here you go:

Google Inc. reported consolidated revenues of $12.21 billion for the quarter ended June 30, 2012, an increase of 35% compared to the second quarter of 2011.

Google Inc. reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs (TAC). In the second quarter of 2012, TAC totaled $2.60 billion, or 25% of advertising revenues.

GAAP operating income in the second quarter of 2012 was $3.20 billion, or 26% of revenues.”

“This compares to GAAP operating income of $2.88 billion, or 32% of revenues, in the second quarter of 2011. ”

Non-GAAP operating income in the second quarter of 2012 was $3.95 billion, or 32% of revenues. This compares to non-GAAP operating income of $3.32 billion, or 37% of revenues, in the second quarter of 2011.”
  • GAAP net income in the second quarter of 2012 was $2.79 billion, compared to $2.51 billion in the second quarter of 2011. Non-GAAP net income in the second quarter of 2012 was $3.35 billion, compared to $2.85 billion in the second quarter of 2011.
  • GAAP EPS in the second quarter of 2012 was $8.42 on 331 million diluted shares outstanding, compared to $7.68 in the second quarter of 2011 on 326 million diluted shares outstanding. Non-GAAP EPS in the second quarter of 2012 was $10.12, compared to $8.74 in the second quarter of 2011.
  • Non-GAAP operating income and non-GAAP operating margin exclude the expenses related to stock-based compensation (SBC) and severance and benefit arrangements in connection with the Motorola acquisition in the second quarter of 2012.* Non-GAAP net income and non-GAAP EPS exclude the expenses noted above, net of the related tax benefit.* In the second quarter of 2012, the expense related to SBC and the related tax benefits were $565 million and $135 million, compared to $435 million and $91 million in the second quarter of 2011.* In the second quarter of 2012, the charge related to severance and benefit arrangements in connection with the Motorola acquisition was $182 million and the related tax benefit was $51 million.…

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