Tuesday , 23 April 2019
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Google Q4 revenues lift 15% to over USD 18 bln

Google Q4 revenues lift 15% to over USD 18 bln

Google said fourth quarter revenues lifted 15 percent from the year before to USD 18.10 billion. The figure excludes traffic acquisition costs, which reached USD 3.62 billion, or 22 percent of advertising revenues.

Sites generated revenues of USD 12.43 billion, up 18 percent from the year before, while Network Revenues went 6 percent higher to USD 3.72 billion. Other revenues represented USD 1.95 billion, up 19 percent. Revenues from outside the US totaled USD 10.23 billion, representing 56 percent of total revenues. Revenues from the UK amounted to USD 1.66 billion.

Operating profit stayed mainly unchanged at USD 4.40 billion from 4.43 billion the year before. Net profit advanced to USD 4.76 billion or USD 6.91 per diluted share, from 3.38 billion or 4.95 per share. The results included discontinued operations. The sale of Motorola was closed on 29 October, resulting in a gain of USD 740 million net of tax.

Operating cash flow amounted to USD 6.36 billion, compared to 5.24 billion the year earlier. Free cash flow reached USD 2.81 billion. Capex went to USD 3.55 billion, mainly for data-centre construction, real estate purchases, and production equipment. The company again said it expects to continue making significant capital expenditures.

At the end of June, Google had USD 64.40 billion in cash, cash equivalents, and marketable securities. On a worldwide basis, the company employed 53,600 FTEs, compared to 51,564 at end September.

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