Google Revenues $5.5bn for last Quarter But Adwords PPC Down 15%

Google released their results for the past quarter, 2nd quarter results show a staggering $5.5bn which was 3% growth from Q2 2008.

The revenues from the business are split as follows:

Google Owned Sites- Businesses which Google has purchased, such as Youtube, generated $3.65bn, up 3%.

Revenues From Google Network
So Called partner sites using Google Adsense programs generated $1.68bn 31% of all revenues.

Non Domestic- All non-US revenues were at $2.91bn up 1%. UK generated $715m, down 1%.

More concerning is that PPC revenues are down by 15% mirroring the trend throughout the industry.

Google employed 19,786 full-time employees as of June 30, 2009, down from 20,164 full-time employees as of March 31, 2009