Google has posted an impressive set of results for its second quarter, with revenue up 11 percent and profit up 17 percent, aided by mobile search and YouTube growth.
Google raked in $17.7bn from April to June this year, up from $16bn during the same period last year. This generated a profit of $3.93bn, up from $3.35bn.
The profit figure beat forecasts for the first time in the past six quarters, leading to a rise in share price of 12 percent.
Google attributed the strong set of financial results to its core search business, especially in mobile, as well as YouTube and programmatic advertising.
The company earned $12.4bn from adverts running on its own sites, around three-quarters of its overall revenues, and up 13 percent year over year.
Google chief financial officer Ruth Porat said that growth in watch time on YouTube is up more than 60 percent year over year, the fastest growth rate in two years, while mobile watch time has more than doubled from a year ago. YouTube accounted for $3.6bn of Google's Q2 revenues, up two percent year on year.
Omid Kordestani, senior vice president and chief business officer at Google, cited mobile and video as the two key areas the firm will target for future growth.
"More Google searches now take place on mobile devices than on computers in 10 countries, including the US and Japan, two of our largest markets," he said.
"30 percent of mobile queries are related to location, and our efforts around local search are helping consumers to find relevant information fast."
Porat joined Google in May from Morgan Stanley as the firm's new CFO, and her presence could see the company cut back on costly or risky new technology projects.
Google's operating expenses were up 13 per cent for Q2 compared with the same period in 2014. Porat was clear during the results call that the firm will be more careful with its spending in future, which could see the back of future initiatives along the lines of Project Loon or Google Glass.
"It's about prioritising our investments and ensuring that we're being efficient and effective with our spend," Porat explained.
"To be clear, the priority is revenue growth and we have a breadth of opportunity, but pursuing revenue growth is obviously not inconsistent with expense management.
"In my experience the best way to slow the rate of growth in expenses is to work closely with business leaders really anchored in data, so together we can identify ways to prioritise resources and really continue to extend the discipline that we've talked about."
Cotton seedling freezes to death as Chang'e-4 shuts down for the Moon's 14-day lunar night
Fortnite easily out-earns PUBG, Assassin's Creed Odyssey and Red Dead Redemption 2 in 2018
Meteor showers as a service will be visible for about 100 kilometres in all directions
Saturn's rings only formed in the past 100 million years, suggests analysis of Cassini space probe data
New findings contradict conventional belief that Saturn's rings were formed along with the planet about 4.5 billion years ago