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April 17, 2014

What does Google credit for its 19% revenue rise?

Net income grew to $3.45bn.

By CBR Staff Writer

Google has reported a 19% increase in the revenues to $15.42bn for the quarter ended 31 March 2014, compared to revenues of $12.95bn recorded for the same period previous year.

For the first quarter of 2014, the company reported an operating income of $4.12bn, compared to $3.75bn recorded in 2013.

Net income of the company grew to $3.45bn in the first quarter of 2014 from $3.35bn in similar period of 2013, while the earnings per share (EPS) went up to $5.04 on 685 million diluted shares outstanding against $4.97 on 673 million diluted shares outstanding last year.

The company generated $10.47bn in site revenues, which represent 68% of total revenues and 21% growth against the first quarter of 2013.

Network revenues for the quarter rose 4% to $3.40bn, while other revenues were reported to be $1.55bn, a 48% increase compared to the first quarter of 2013.

Google CEO Larry Page said: "We got lots of product improvements done, especially on mobile."

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