Google has shared its first quarter earnings result announcing consolidated revenue of $15.42 billion, up 19% since Q1 2013, earnings per share of $6.27, and net income of $3.45 billion. For comparison, analysts polled by Thomson Reuters predicted $15.58 billion in revenue at $6.33 a share.
“We completed another great quarter. Google’s revenue was $15.4 billion, up 19% year on year”, said Larry Page, CEO of Google. “We got lots of product improvements done, especially on mobile. I’m also excited with progress on our emerging businesses.”
Today’s earnings report marks the first quarter since Google offloaded Motorola to Lenovo in a surprising exchange announced a day ahead of Google’s previous quarterly earnings report. That transaction is referenced below as “Net loss from discontinued operations.”
Google is scheduled to host its live earnings call with investors and analysts to discuss today’s report at 1:30 PM (PST) / 4:30 PM (EST).
Google’s full press release follows: Read more