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Google Inc. (NASDAQ:GOOG)
Google Inc. is a global technology leader focused on improving the ways people connect with information. Google’s innovations in web search and advertising have made its website a top internet property and its brand one of the most recognized in the world.
GOOG reported revenues of $9.03 billion for the quarter ended June 30, 2011, an increase of 32% compared to the second quarter of 2010. Google reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs (TAC). In the second quarter of 2011, TAC totaled $2.11 billion, or 24% of advertising revenues.
Q2 Financial Highlights
Revenues – Google reported revenues of $9.03 billion in the second quarter of 2011, representing a 32% increase over second quarter 2010 revenues of $6.82 billion. Google reports its revenues, consistent with GAAP, on a gross basis without deducting TAC.
Google Sites Revenues – Google-owned sites generated revenues of $6.23 billion, or 69% of total revenues, in the second quarter of 2011. This represents a 39% increase over second quarter 2010 revenues of $4.50 billion.
Google Network Revenues – Google’s partner sites generated revenues, through AdSense programs, of $2.48 billion, or 28% of total revenues, in the second quarter of 2011. This represents a 20% increase from second quarter 2010 network revenues of $2.06 billion.
“We had a great quarter, with revenue up 32% year on year for a record breaking over $9 billion of revenue, I'm super excited about the amazing response to Google+ which lets you share just like in real life,” stated Larry Page, CEO of Google.
For more information about Google Inc. please visit http://www.google.com
GreenHouse Holdings, Inc. (GRHU.OB)
GreenHouse Holdings, Inc. is a leading provider of energy efficiency and sustainable facilities solutions. The company designs, engineers and installs disparate products and technologies that enable its clients to reduce their energy costs and carbon footprint. Its target markets for energy efficiency solutions include government and military, as well as commercial, residential and industrial markets.
GRHU reported that it has been engaged to implement Southern California Edison's (SCE) Automated Demand Response (Auto-DR) program for the Brea location of Beckman Coulter, a wholly owned subsidiary of Danaher.
The Auto-DR program offers significant financial incentives and technical support to Southern California Edison (SCE) customers willing to install equipment that enables participation in demand response events versus depending on their employees to perform all the curtailment activities manually when required. Normally, control systems (automation) are installed with the programming needed to achieve reductions in electricity consumption during peak periods of demand on the grid.
GreenHouse Holdings, Inc. has identified and will utilize over $175,000 of incentives from SCE, which Beckman Coulter will be eligible for, to implement Demand Response technologies.
"Once again the strong partnerships GreenHouse has developed within the demand response industry have proven out to be an important part of our growth. We have to thank North American Power Partners (NAPP) for teaming with GreenHouse to deliver SCE's program to Beckman Coulter," stated said Russ Earnshaw, President of GreenHouse Holdings.
For more information about GreenHouse Holdings, Inc. please visit http://www.greenhouseintl.com/
Petrohawk Energy Corporation (NYSE:HK)
Petrohawk Energy Corporation is an independent oil and natural gas company and a leader in the exploration and development of shale plays in the United States.
On July 14, 2011, BHP Billiton announced that it would purchase Petrohawk for approximately $12.1 billion. Under the terms of the agreement, Petrohawk shareholders will receive $38.75 for each share of the company they own through a tender offer that will begin by July 25, 2011. The transaction is expected to close in the third quarter 2011.
For more information about Petrohawk Energy Corporation please visit http://www.petrohawk.com
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