Oct 16 AT 7:12 PM Nick Sarafolean 0 Comments

Google’s Q3 earnings report reveals that the company has plenty of cash

google logo generic Image via: Robert Scoble with Creative Commons

Google has announced its Q3 earnings and there’s good news from the web giant. Revenue is up 20% year-over-year for a total Q3 2014 revenue of $16.52 billion. That indicates that things are going well for El Goog and they should continue to go well with yesterday’s announcement of several new devices and a new version of Android. All of those should keep the company steaming forward through Q4.

Google’s GAAP operating income came in at $3.72 billion while GAAP net income is $2.81 billion. Site generated revenues made up the largest portion with $11.25 billion. Cash, cash equivalents and marketable securities of Google’s are sitting at $62.16 billion as of September 30, putting Google in a very comfortable position with its money. Company employee count is currently 55,030 employees around the globe.

Via: Droid Life

Source: Google

A nerd at heart, Nick is an average person who has a passion for all things electronic. When not spending his time writing about the latest gadgets, Nick enjoys reading, dabbling in photography, and experimenting with anything and everything coffee. Should you wish to know more about him, you can follow him on Twitter @nsarafolean.

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