The well-known deal website Groupon just announced its second quarter 2012 results ended June 30, 2012. Revenue increased 45% year-over-year to $568.3 million in the second quarter 2012, compared with $392.6 million in the second quarter 2011. The Operating income was of $46.5 million versus operating loss of $101.0 million in second quarter 2011. GAAP EPS of $0.04, non-GAAP EPS of $0.08; includes $0.04 per share gain from non-operating items. Direct revenue was $65.4 million in the quarter, compared with $19.2 million in the first quarter 2012.
Operating cash flow increased 93% year-over-year to $75.3 million, compared with $39.0 million in the second quarter 2011. For the trailing twelve months ended June 30, 2012, operating cash flow was $392.5 million. Free cash flow, a non-GAAP financial measure calculated as operating cash flow less capital expenditures, was $48.6 million for the second quarter 2012, bringing free cash flow for the trailing twelve months ended June 30, 2012 to $330.1 million.