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Google sales hit a speed bump in Q1
Google’s sales rose 12 percent during the first quarter, the slowest rate of revenue growth since 2013, while the amount it charges for ad clicks continued to drop.Total sales for the period ending March 31 came in at US$17.3 billion, missing consensus expectations of $17.5 billion from analysts polled by Thomson Financial Network.After subtracting traffic acquisition costs, the portion of revenue paid to partners that distribute its ads, Google’s sales were $13.9 billion, the company reported Thursday.To read this article in full or to leave a comment, please click here