Google on Thursday announced financial results for the quarter that ended on March 31. Google’s first quarter revenue was $17.3 billion, up 12 percent from the same time period of 2014. Income for the company hit $3.6 billion, up from $3.5 billion, sitting in the middle of its own guidance, as well as meeting Wall Street estimates.
Google numbers come even as paid clicks fell one percent. Cost per click dropped five percent, with a 11 percent drop in Google network members’ websites cost per click. Payouts to network members climbed to $2.4 billion, with total acquisition cost climbing to $3.4 billion from $3.2 billion in the previous quarter.
The company’s cash on hand and marketable securities grew to $65 billion, from $59 billion in the previous quarter. Capital expenditures climbed $600 million to $2.9 billion. The tax rate for the company rose to 22 percent, from 18 percent.
The ranks of Google employees swelled from 46,170, to 55,419 on the strength of acquisitions. The company plans to “continue to make significant capital expenditures.
