Google "Satisfied" With Second-Quarter Results

Search engine giant Google has maintained that it is satisfied with its second-quarter financial results, and will continue to make investments in its main and emerging businesses, the Wall Street Journal reports.

The company's chief financial officer, Patrick Pichette, also informed the WSJ that the company had hired 1,500 new employees in the last quarter, including those who had joined the company from AdMob and other recent acquisitions.

Pichette explained that the newly hired people would focus on engineering and sales, along with specific business verticals such as web and mobile applications and search monetisation. He also added that the company would be making investments in emerging technology companies. He said the company was "growing rapidly", and it was the "right thing to do" at this point of time.

Google's second-quarter financial report indicated sa rise in revenue from $1.54 billion last quarter to $1.99 billion. The company's earnings per share disappointed some Wall Street watchers, however, coming in at $6.45, slightly short of the $6.51 that analysts had predicted.