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Google Makes Q1 Profit, Misses Wall Street Predictions


News by Luke Jones on Friday April 24, 2015.

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Google revealed its financials for the three months comprising the first quarter of 2015, and the company continued to see both revenue and profits grow. However, like recent periods the company failed to perform as well as Wall Street analysts had predicted.

The Search giant brought in total revenue of $17.3 billion during the three months ending March 31st, which represented a 17% increase over the same period in 2014. Profit for the quarter was at $4.45 billion, a sizeable 26% hike over the performance from this time last year. Google performed slightly below estimations, with Wall Street predicting revenue of $17.5 billion, but even so share prices rose 3% in the wake of the results.

As is often the case, Google makes the most of its revenue from ads, whether that it through search or through services on its Android mobile platform (Android actually makes no direct cash for the company). The Google Play Store is becoming an important part of the company's financial success with the outlet up 23% in Google?s "other" category.

Google has actually revealed that it slipped from the fourth quarter of 2014, the company says that is because the decline of the Nexus brand. Neither the Nexus 6 smartphone flagship from Motorola or the HTC built Nexus 9 tablet are selling well, although it is worth noting that they are not exactly meant to.

Despite that blip, Google as a whole is in rude health and the company has even increased job posts by some 9000 employees from last year.

Operating income, operating margin, net income, and earnings per share (EPS) are reported on a GAAP and non-GAAP basis. Non-GAAP operating income and non-GAAP operating margin exclude stock-based compensation (SBC) expense from continuing operations. Non-GAAP net income and non-GAAP diluted EPS exclude SBC expense from continuing operations, net of the related tax benefits, as well as Net Loss from Discontinued Operations. These non-GAAP measures, as well as free cash flow, an alternative non-GAAP measure of liquidity, and non-GAAP constant currency revenues and growth, are described and reconciled to the corresponding GAAP measures at the end of this release. The following summarizes our consolidated financial results for the quarter ended March 31, 2015 (in millions, except for per share and shares outstanding information; unaudited)

source: Google

 
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About the author

Luke Jones
Luke Jones is the Managing Editor at MobileBurn.com and is the person you need to speak to about the content on the site. Luke studied creative writing at degree level before carving out a reputation as a freelance tech writer. He settled here at MobileBurn, where he reviews devices and contributes to the news, as well as overseeing the site's content and direction.

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