Google’s out with its first quarter earnings this afternoon, and it’s reporting an even $14 billion in revenue, with net income clocking in at $3.35 billion. That’s a 31 percent increase year-over-year on the revenue side, and nearly a half billion dollar increase in net income (up from $2.89 in the same quarter of 2012). Compared to more recent quarters, though, the growth is a bit more flat: both Q3 and Q4 of 2012 were also around the $14 billion mark. In a statement, CEO Larry Page nonetheless characterized the numbers as a “very strong start to 2013,” adding that Google is “working hard and investing in our products that aim to improve billions of people’s lives all around the world.” As for how the company’s Motorola acquisition is working out, that division has seen a fairly steep drop in revenue, from $1.51 billion in the last quarter of 2012 to just over $1 billion this quarter, with it reporting an operating loss of $271 million. You can dig through all the numbers yourself in the press release after the break and at the source link below.
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Source: Google, Larry Page (Google+)