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Google revenues $13.97 billion, up 31%

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Staff writer ▼ | April 22, 2013
Google announced first quarter 2013 results: consolidated revenues were $13.97 billion, an increase of 31%. Revenues from outside of the United States represent 55% of total revenues.
Google
GoogleGoogle announced first quarter 2013 results: consolidated revenues were $13.97 billion, an increase of 31%. Revenues from outside of the United States represent 55% of total revenues.


Google reported consolidated revenues of $13.97 billion for the quarter ended March 31, 2013, an increase of 31% compared to the first quarter of 2012. The company reports advertising revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs (TAC). In the first quarter of 2013, TAC totaled $2.96 billion, or 25% of advertising revenues.

GAAP operating income in the first quarter of 2013 was $3.48 billion, or 25% of revenues. This compares to GAAP operating income of $3.39 billion, or 32% of revenues, in Q1 2012. Non-GAAP operating income in the first quarter of 2013 was $4.22 billion, or 30% of revenues. This compares to non-GAAP operating income of $3.94 billion, or 37% of revenues, in Q1 2012.

GAAP net income including net income from discontinued operations in the first quarter of 2013 was $3.35 billion ($2.89 billion in Q1 2012). Non-GAAP net income in the first quarter of 2013 was $3.90 billion, compared to $3.33 billion in the first quarter of 2012.

GAAP EPS including impact from net income from discontinued operations in the first quarter of 2013 was $9.94 on 337 million diluted shares outstanding, compared to $8.75 in the first quarter of 2012 on 330 million diluted shares outstanding. Non-GAAP EPS in the first quarter of 2013 was $11.58, compared to $10.08 in the first quarter of 2012.

Google revenues from outside of the United States totaled $7.1 billion, representing 55% of total revenues in Q1 2013. As of March 31, 2013, cash, cash equivalents, and marketable securities were $50.1 billion.


 

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