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Google Q1 revenue of $17.3 billion was up 12%

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Staff writer ▼ | April 23, 2015
Google announced financial results for the first quarter ended March 31, 2015. Revenue was $17.3 billion, up 12% year on year.
Google   Google site revenues were $11.9 billion
Excluding the net impact of foreign currency headwinds, revenue grew a 17% year on year.

Excluding hedging gains of $311 million related to Google's foreign exchange risk management program, had foreign exchange rates remained constant from the first quarter of 2014 through the first quarter of 2015, company's revenues in the first quarter of 2015 would have been $795 million higher.

Additionally, Google's constant currency revenue growth in the first quarter of 2015 was 17% year over year.

Google site revenues were $11.9 billion, while Google Networks revenues were $3.6 billion. Total advertising revenues were $15.5 billion, up 11% year-over-year.

Other revenues, which includes Google's enterprise business as well as Google Play Store revenues, were $1.7 billion, up 23% year-over-year. Non-GAAP net income was $4.5 billion, operating expenses were $6.5 billion, and capital expenditures were $2.9 billion and free cash flow was $3.7 billion.