Google revenue up 63 percent

blog First-quarter results beat Wall Street expectations on strong sales in its core search advertising business.

Google's first-quarter gross revenue rose 63 percent to $3.66 billion as results beat Wall Street expectations on strong sales in its core search advertising business.

Total revenue was $3.66 billion, up 63 percent from the same period a year earlier. Excluding traffic acquisition costs, or commission paid to content partners, revenue was $2.53 billion. On that basis, analysts polled by Thomson Financial were expecting revenue of $2.49 billion excluding.

Net income for the quarter was $1 billion, or $3.18 a share, up from $592 million, or $1.95 a share, a year ago. Excluding one-time items, income was $3.68 a share, higher than analyst expectations of $3.30 a share.

Click here for full story.

Featured Video
6
This content is rated TV-MA, and is for viewers 18 years or older. Are you of age?
Sorry, you are not old enough to view this content.

Apple to introduce next iPhone Sept. 9

A ton of new iPhone 6S details have hit; new strange data comes from the Ashley Madison leak; and Instagram says goodbye to the square photograph (sort of).

by Jeff Bakalar