Google’s revenues for Q3 are $16.5 billion – a year-on-year increase of 20%.
58% of the revenue was generated outside of the US and the majority of revenue is still coming from advertising.
Investing in R&D
So far in 2014, Google has invested $7 billion into R&D with 3000 new tech employees joining the company. Observers believe that the growth in infrastructure spend this year is to support data centre capacity to support cloud computing services.
Sources: ITProPortal; GoDigital; GigaOm.