We're in the thick of earnings seasons, friends, and Google just pushed out its latest spate of financials for our eager delectation. Here's the skinny: Google reported a total of $18.01 billion in revenue (closer to $14.5 billion if you don't count those pesky traffic acquisition costs), less than what Wall Street analyst types expected it to. We've seen Google dump more of its money into research (as befits a company that such wild-eyed ambitions), and that trend doesn't seem to be going anywhere fast.
By sinking 16 percent of its total revenue into research, Google's R&D spending habits stayed roughly equal with its actions last quarter... which is still a pretty huge improvement over the year-ago quarter. Yeah, we're not shocked by Google's predilection for research either. When you've got a guy like Larry Page sitting behind closed doors with a bunch of big brains trying to suss out what problems really need fixing, it's only natural to see Google pour money into its more ambitious divisions.