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More on Google: Q1 Revenue ex-TAC was $11.01B. TAC 25% of ad revenue, even with Q4. Google...

More on Google: Q1 Revenue ex-TAC was $11.01B. TAC 25% of ad revenue, even with Q4. Google revenue (exc. Motorola) +22% Y/Y, even with Q4. Paid clicks +3% Q/Q and +20% Y/Y (+24% Y/Y in Q4). Cost-per-click (ad prices) -4% Q/Q and Y/Y after rising 2% Q/Q in Q4 (mobile a likely culprit). International 55% of sales (54% prior). Motorola Mobile revenue of $1.02B (-54% Y/Y), unit had a $179M operating loss. Capex of $1.2B. Free cash flow of $2.43B, below net income of $3.9B. Google headcount rose by 1.2K, Motorola Mobile headcount fell by almost as much. Opex 33% of revenue, same as Q4 and a year ago. GOOG now +0.2% AH. (PR)
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