Google has announced its earnings report for the first quarter of 2015, reporting a revenue of $17.3 Billion and earnings per share of $6.57. These statistics stand, with respect to $15.42 billion in revenue and earnings of $6.27 per share in the same quarter a year ago.
Though there has been growth in both revenues and EPS for the search giant, the company still missed out on Wall Street expectations. Wall Street expected the company to report EPS of around $6.61 on $17.5 billion in revenue. However that “miss” hasn’t had much effect on Google shares, which instead rose by over 2 percent in after-hours trading.
In addition to seeing a slight growth in revenues and EPS as compared to previous year’s same quarter, Google also saw growth in its advertising sector.
The aggregate Paid per clicks increased by 13% as compared to Q1 2014 and 1% as compared to the previous quarter. Similarly, Paid clicks on Google websites increased by a decent 5% as compared to Q1 2014 and by 3% if we compare it to previous quarter.
Apart from advertising and revenues, Google also saw a surge in its spending on Research and Development. As Google continues to search for newer markets, its X labs and other similar research initiatives have seen a huge surge in incurring costs. Google’s R&D expenses for all of 2014 totaled $9.8 billion, up from $7.1 billion the year before.