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Google Q1 revenues up 19%, profit growth slower
2014-04-17 08:32:00| Telecompaper Headlines
(Telecompaper) Google reported first-quarter revenues of USD 15.42 billion, up 19 percent from a year earlier. The figure excludes traffic acquisition costs, which totaled USD 3.23 billion, or 23 percent of advertising revenues. Operating profit rose to USD 4.12 billion from USD 3.75 billion a year ago, while the margin fell to 27 percent from 29. Net profit increased to USD 3.45 billion or USD 5.04 per share, from USD 3.35 billion or USD 4.97 per share in Q1 2013. Motorola's results were recorded as discontinued operations, pending the sale of the handset business to Lenovo. Motorola contributed a net loss of USD 198 million for the quarter. Google generated operating cash flow of USD 4.39 billion in Q1, while investing USD 2.35 billion in capital equipment. The company finished March with cash of USD 59.38 billion. Google added another 3,000 employees in the quarter, for a total of just under 50,000, excluding Motorola.
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Category:Telecommunications