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 most of those Wall Street analyst types expected it to. Let's take a closer look at what's going on over there.
We've seen Google dump more of its money into research (as befits a company with 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.