Google Half-Year Report 2024

Sundar Pichai, CEO, said: “Our strong performance this quarter highlights ongoing strength in Search and momentum in Cloud. We are innovating at every layer of the AI stack. Our longstanding infrastructure leadership and in-house research teams position us well as technology evolves and as we pursue the many opportunities ahead.”

Ruth Porat, President and Chief Investment Officer; CFO said: “We delivered revenues of $85 billion, up 14% year-on-year driven by Search as well as Cloud, which for the first time exceeded $10 billion in quarterly revenues and $1 billion in operating profit. As we invest to support our highest growth opportunities, we remain committed to creating investment capacity with our ongoing work to durably re-engineer our cost base.”

Highlights

Comparisons 2023 / 2024

Revenues $74,604 vs $84,742

Operating Income $21,838 vs $27,425

Operating margin 29% vs 32%

Net Income $18,368 vs $23,619

Diluted EPS $ 1.44 vs $ 1.89