Google released the earnings results from its first fiscal quarter after closing bell tonight. The online search giant posted adjusted earnings of $6.57 per share on revenue of $17.3 billion. Analysts had been expecting Google to report earnings of $6.61 per share on $17.64 billion in revenue. In the same quarter a year ago, the company reported earnings of $6.27 per share on $15.4 billion in revenue.
Key metrics from Google’s earnings report
GAAP income was $5.04 per share. GAAP operating income was $4.115 billion, while GAAP operating margin was 27%. Free cash flow was $3.7 billion.
Google Chief Financial Officer Patrick Pinchette said in a statement: “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. We continue to see great momentum in our mobile advertising business and opportunities with brand advertisers.”
The search giant had $65.436 in cash and cash equivalents at the end of the quarter. The company also increased its headcount from 46,170 to 55,419 employees as of the end of March.
Google’s earnings by segment
Google Websites revenue was $11.932 billion, while Google Network Members’ websites revenue was $3.567 billion. Total ad revenue was $15.508 billion, while other revenues were $1.75 billion for the quarter.
Google say a 13% increase in paid clicks and a 25% increase in paid clicks on Google websites. Paid clicks on Network members’ websites declined 12% year over year. Traffic acquisition costs for Google Network members were $2.387 billion, and for distribution partners, they were $845 million. Total traffic acquisition costs were $3.232 billion.