April 23, 2015: Google Inc has today officially announced the financial results of first quarter of this year ended on March 31, 2015. As per the report, the company gained 12% year on year with revenue of $17.3 billion, earning per share of $6.57, and $3.58 billion in net income. The company's total cash now amounts to $65.436 billion.
The tech giant feels their earnings took a hit due to currency fluctuations and the rising dollar. The company CFO said: "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."
The advertising revenue of Google as a whole reaches to $15.5 billion, and it's own website made $11.9 billion up that revenue, gain of 14% year-on-year. "We continue to see great momentum in our mobile advertising business and opportunities with brand advertisers," the company said.
Source: Google
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