18 July 2014
Last updated at 02:33
Google’s second-quarter revenue beat expectations but profits were less than investors were hoping for
Internet giant Google has reported a 22% jump in revenue during the second quarter period from March through June compared to a year earlier.
Revenue rose to $16bn (£9.4bn) and profits were up 6% to $3.4bn, said the firm in its earnings report.
Strong demand for Google’s advertising helped boost revenues above expectations.
Google also announced chief business officer Nikesh Arora was leaving for SoftBank.
Mr Arora, who has been with Google for 10 years, will be temporarily replaced by Omid Kordestani, who who was Google’s business founder and formerly led Google’s sales team.
Shares in Google rose by about 1% after the market closed.