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Spending spree, strong dollar weigh on Google results

Share of the online-ad market under pressure

Published Fri, Jan 30, 2015 · 09:50 PM
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GOOGLE Inc is ramping up spending to invest in new technologies and fend off competition on mobile devices, even as its maturing Web-advertising business posted quarterly profit and sales that fell short of estimates.

Fourth-quarter profit, excluding some items, was US$6.88 a share on revenue of US$14.5 billion, Google said in a statement on Thursday, compared with analysts' average projections for US$7.11 and US$14.7 billion. Expenses jumped as Google added more staff and real estate, while currency fluctuations dented revenue.

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