Google posts 30% higher profits, misses revenue expectations
January 30 , 2015
Google has posted a fourth quarterly profit of $4.76 billion, an increase of almost 30% from last year, but its revenue was below expectations.
The internet giant’s revenue was up by 15% to $18 billion, media reports said.
According to the company, the revenue was hit to some extent by unfavorable foreign exchange rates.
Meanwhile, Google’s cost-per-click has dropped 3% in the quarter, which indicates that it has not been able to increase the price it charges for mobile ads.