Google’s first quarter revenue was $17.3 billion, up 12% year on year. Excluding the net impact of foreign currency headwinds, revenue grew a healthy 17% year on year.  Operating income was $4.4bn, operating margin 26%.

GoogleRevenue Sources:

  • Google websites                                            US$ 11.9 bn
  • Google Network Members’ websites          US$   3.5 bn
  • Other revenues                                             US$    1.7 bn

Foreign exchange had a negative effect on income.  If foreign exchange would have been constant, Googles revenues would have been US$ 795 million higher.

Source: Google Earnings Release