Googlereported earnings after the market closed today for the quarter ending June 30, 2011.
Second quarter net income rose to $2.51 billion, or $7.68 a share, from $1.84 billion, or $5.71 a share an increase of 36%.
Net revenue for the period ended June 30 was up 32% $6.92 billion. Excluding one-time items, Google said that earnings for the quarter were $8.74 a share.
Google said that its paid clicks, rose roughly 18% compared to the same period last year.
Google’s “cost per click,” rose about 12% in the quarter.
Operating expenses rose to $2.97 billion, compared to $1.99 billion in the quarter last year, the increase in expenses was due primarily to hiring.
Google said that it added nearly 2,500 new employees in the second quarter, to 28,768.
Google also said that 550,000 Android devices are being activated every day.
Shares of Google are up in after hours trading over 12% or a whopping $66 a share to $595.00
It was just a few weeks ago that shares were trading around $480.