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Google's Q2 earnings exceed analysts' estimates due to boost in ad revenues

July 18, 2014


London, July 18 (ANI): Search engine giant, Google has reportedly seen a 22 percent raise in revenue and 6 percent in profits from last year.

According to the BBC, a report released by Google said that its revenue went up to 16 billion dollars and profits rose up to 3.4 million dollars in the second quarter from March through June.

A surge in demand for Google's advertising is being seen as the prime factor that pushed its revenue to new heights, the report added.

Meanwhile, the internet giant also announced that its Chief Business Officer Nikesh Arora is leaving the company for SoftBank. He has worked with Google for 10 years and will now be temporarily replaced by Omid Kordestani, one of Google's business founders who led its sales team earlier.

Google's shares rose by 1 percent after the markets closed. (ANI)

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Source: Asian News International

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