Google Generates $14 Billion in 2013 Q1

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(The Hosting News) – Tech giant Google on Thursday rolled out its latest earnings report – covering the first quarter of 2013.

During the year, the company generated $14.0 billion in revenue, something Google CEO Larry Page called a “strong start.”

Page also noted that was up 31% compared to last year at the same time, remarking, “We are working hard and investing in our products that aim to improve billions of people’s lives all around the world,” via a press release.

Google generated the most money via its owned websites, partner websites along with other aspects – something that represented 93% of the money it hauled in.

Meanwhile, the company divulged funds spent including $4.55 billion used for operating expenses. Google also noted it had an 8% tax rate for the year’s first quarter.

The tech giant operates with over 50 thousand full-time employees globally. Just earlier this month, a report from Data Center Dynamics noted the company intended to expand its data center in St. Ghislain, Belgium, something that could cost around 300 million Euros.

Google Generates $14 Billion in 2013 Q1

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