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For the first three months of 2015, Google showed strong growth with $17.3 billion in revenue, up 12 percent over last year, and $3.58 billion in net income, also up nearly 4 percent. Advertising revenues as a whole were $15.5 billion, and Google's own websites made up $11.9 billion of that revenue, up 14 percent year-over-year. As it often likes to remind us, if foreign exchange rates had remained constant Google's revenues would have been a full $795 million higher.

In its largest business, advertising, Google saw the trend continue with aggregate paid clicks rising 13 percent over last year, but cost-per-click dropping by 7 percent. Google's total operating expenses for the quarter were $6.45 billion, a full 37 percent of revenues. Google also hired over 9,000 employees in the quarter, bringing the total employed to 55,419.

Finally, Google ended the quarter with cash (and equivalents) of $65.43 billion, up notably from $59.37 billion this time last year.

We'll be following along with the Q1 2015 earnings call at 1:30 p.m. PT.

Source: Google