Alphabet releases Q2 2016 earnings: $5.8 billion income on $21.5 billion revenue

Alphabet has released its Q2 fiscal year 2016 earnings report, showing strong year-over-year growth once again with $21.5 billion in revenue leading to $5.864 billion in non-GAAP net income for the quarter.

The company saw a rise in its revenue compared to the same period a year ago, when it brought in $17.727 billion. Non-GAAP net income was also up compared to a year ago when it recorded $4.829 billion.

"Our terrific second quarter results, with 21% revenue growth year on year, and 25% on a constant currency basis reflect the successful investments we've made over many years in rapidly expanding areas such as mobile and video. We continue to invest responsibly in support of our many compelling opportunities," said Ruth Porat, CFO of Alphabet.

Aggregate paid clicks were up 29% year-over-year, with paid clicks on Google's own websites going up 37% in the same period. Cost-per-click was down 7%, with cost-per-click on Google's websites going down 9% as well. The company has $78.460 billion in cash and cash equivalents on hand, up from $69.780 billion from a year ago. Headcount at the company was 66,575, up from 57,148 a year ago.

John Callaham