Recent report from Facebook declares the financial results of the company for the second quarter, which ended 30th of June. Revenue for the second quarter of the company summed up to $1.18 billion, falsifying the estimates of Wall Streets. It's 53% of increase compared from the revenue of company that it made in last year's quarter of 2012 i.e. 1.18 billion. There's also increase in the net income of company i.e. $333 million as compared to the net loss of $157 million that company faced in the second quarter of 2012.
Mark Zuckerberg, Facebook Founder and CEO said:
"We've made good progress growing our community, deepening engagement and delivering strong financial results, especially on mobile."
"The work we've done to make mobile the best Facebook experience is showing good results and provides us with a solid foundation for the future."
[Source : electronista]
