Google Reports $14B (Up 31%) Revenue in Q1'2013, Says Google Glass Runs on Android

Larry Page, confirms that Google Glass runs on Android mobile OS. Reports $14 billion in revenue, Net Income of $3.35 billion. Google working on a program for companies to buy renewable power for their operations.

Google's CEO Larry Page during the Finacial call said today that the "Google Glass actually runs on Android."

Page, answering to a question about how much people can expect to see engagement increment with new products like Glass, said that "obviously, Glass runs on Android, so [Android] has been pretty transportable across devices, and I think that will continue."

Google's fiscal Q1 2013 financials reported revenues are of $13.97 billion (up 31% from Q1 2012), non-GAAP earnings of $11.58 per share, and net income of $3.35 billion.

Page also said that he is "always" asked about how the popularity of mobile apps affects Google search, but he's "not super-concerned" about it.

"We've been dealing with that issue for a long time," Page said. "Fundamentally search is an amazing thing for publishers and software developers and other apps. I think, in general, the information wants to be found."

There will be challenges as more usage shifts to mobile, Page said, but Google will get through them.

  • "Google Revenues (advertising and other) were $12.95 billion, or 93% of consolidated revenues, an increase of 22% over first quarter 2012.
  • Google Sites Revenues of $8.64 billion, or 67% of total Google revenues, represents an 18% increase.
  • Google Network Revenues of $3.26 billion, represents a 12% increase from Q1 2012.
  • Other Revenues from Google were $1.05 billion, or 8% of total Google revenues, represents a 150% increase.
  • Google International Revenues from outside of the US totaled $7.1 billion.
  • Paid Clicks increased approximately 20% over the Q1 2012 and increased approximately 3% over the Q4'2012.
  • Cost-Per-Click decreased approximately 4% over the Q1'2012 and decreased approximately 4% over the Q4 of 2012.
  • TAC (Traffic acquisition costs) increased to $2.96 billion in the Q1 of 2013, compared to $2.51 billion in the Q1'2012.
  • Motorola Mobile Revenues (hardware and other) were $1.02 billion, or 7% of consolidated revenues.
  • Other Cost of Revenues - comprised primarily of manufacturing and inventory-related costs, data center operational expenses, amortization of intangible assets, and content acquisition costs, increased to $2.98 billion, or 21% of revenues.
  • Operating Expenses were $4.55 billion," informs Google.

Update 04/20: Google expands its Lenoir, N.C. data center, to provide an important new way to increase the use of renewable energy nationwide.

In additon, Duke Energy, "a local electricity provider, has pledged to develop a new program for large companies like Google who want to buy renewable power for their operations," Google said.

Duke will file the plan with their state commission within 90 days.

Google has also published a white paper laying out its thoughts on how and why such programs might work.

Google expanding Lenoir, N.C. data center, as an options for companies to buy renewable energy