As expected, Google pulled in boatloads of cash last quarter, a little over $17 billion to be exact, which is a 12% increase year-on-year. Of that amount, the vast majority of which came from advertising, almost $4 billion was actual profit. However, the company’s non-advertising business saw much more growth, and still accounted for a modest $1.8 billion of the revenue, although Google did see a noticeable decline in the sale of Nexus devices.
Google Inc. today announced financial results for the quarter ended March 31, 2015. “Google’s first quarter revenue was $17.3 billion, up 12% year on year. Excluding the net impact of foreign currency headwinds, revenue grew a healthy 17% year on year,” said Patrick Pichette, CFO of Google. “We continue to see great momentum in our mobile advertising business and opportunities with brand advertisers.” 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.