Google: revenue growth

The search giant has published its results for Q3 of 2014.

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.