Two of the tech industry’s financial heavyweights both reported solid financial results for the quarters just ended.

Google

• Q2 revenue of $3.87 billion (a 58% increase from Q2 2006 and 6% increase from Q1 2007)
• Net income of $925 million (compared to $1 billion in Q1 2007)
• Earnings per share of $2.93 (compared to $3.18 in Q1 2007)
• 64% of total revenues were generated on Google-owned sites
• 35% of total revenues were generated on AdSense’d sites (a 36% increase from Q2 2006)

So while Q2 wasn’t quite as impressive as Q1, Google nonetheless had a good second quarter. I thought it was worth noting that AdSense revenues were up nearly 40% over last year. See the press release for full details…

Microsoft

• Quarterly revenue of $13.37 billion (a 13% increase over the same quarter a year ago)
• Net income of $3.04 billion (up from $2.82 billion in the same quarter a year ago)
• Earnings per share of $0.31
• Fiscal year ended revenue $51.12 billion (up 15% from last year)

Microsoft also had a good quarter. June 30, 2007 marked the end of Microsoft’s fiscal year and so the company was also able to report year-end totals (including that $51.12 billion in revenue… impressive!). See the press release for full details…