toggle

AAPL Stock: 113.29 ( + 0.37 )

Printed from http://www.macnn.com

Google growth slows, still beats street with $14.89 billion in revenue

updated 04:38 pm EDT, Thu October 17, 2013

Search engine monolith sees increase in ad clicks, drop in cost-per-click

Google today reported consolidated revenues of $14.89 billion for the quarter that ended September 30, an increase of 12 percent compared to the same quarter of 2012. Traffic acquisition costs came in at $2.97 billion, 24 percent of advertising revenue. Operating income in the third quarter of 2013 was $3.44 billion, or 23 percent of revenues. Cash, cash equivalents, and marketable securities grew to $56.52 billion in the quarter.

"Google had another strong quarter with $14.9 billion in revenue and great product progress," said Larry Page, CEO of Google. "We are closing in on our goal of a beautiful, simple, and intuitive experience regardless of your device."

Google beat Wall Street estimates of $14.80 billion, despite little growth in market share, and a drop in cost per click. The company reported an increase of 26 percent of aggregate ad clicks, an increase of eight percent from the previous quarter. Cost-per click decreased eight percent over the year-ago quarter, with a four percent drop from the second quarter of 2013.

Net cash provided by operating activities in the third quarter of 2013 totaled $5.08 billion, compared to $4.0 billion in the third quarter of 2012. In the third quarter of 2013, capital expenditures were $2.29 billion, the majority of which was for production equipment, data-center construction, and real estate purchases.

Globally, the Google workforce increased to 46,421 full-time employees, compared to 44,777 in June. The company claims that it will "continue to make significant capital expenditures" which includes companies and additional workspace for growth.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

ZTE Spro 2 Smart Projector

Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...

MSI Geforce GTX 970 100ME

When Nvidia announced a new line of video cards in September 2014, many people thought things would continue to be business as usual i ...

Wren V5US Wireless Sound System

If you're a music fanatic, chances are you are, by extension, a bit fanatical about what you listen to your music on. If you're like ...

toggle

Most Commented