Google announces Q1 2014 earnings: revenue up 19% year over year

Google's first quarter 2014 results are in, and the company unsurprisingly made buckets of money. Revenue was up to $15.4 billion, a 19% increase from the same quarter a year prior. Earnings were also up, clocking in at $4.12 billion 27% of revenues. That's an increase in the raw profit from last year, but also a drop in the share of revenue (it was 29% this time last year).

Google CEO Larry Page was unsurprisingly pleased with the quarter, saying:

"We completed another great quarter. Google's revenue was $15.4 billion, up 19% year on year. We got lots of product improvements done, especially on mobile. I'm also excited with progress on our emerging businesses."

Site revenues i.e. advertising on Google.com and related services clocked in at $10.47 billion, which is a bit over two-thirds of Google's total revenue. That's a rather significant increase of 21% over the first quarter of 2013. Google advertising on other sites netted $3.4 billion in revenue, up slightly from last year.

Google ended the quarter with $59.38 billion in cash, "cash equivalents, and marketable securities" on hand, up $660 million from the previous quarter. The company also had 49,829 employees (3,659 of them part of Motorola Mobility), an increase of over 2,000 from the start of the year. With the impending sale of Motorola to Lenovo, we'd expect that the headcount will see a drop of around 3,500 in the near future, though if Google's rate of hiring keeps up that'll be hardly noticeable.

Source: Google

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