Google Q2 revenues beat expectations as CBO departs

Google has exceeded analysts' expectations by posting a 22% leap in second quarter revenues, driven by a 25% increase in paid clicks, but cost-per-click continues to decline.

Google:  Q2 revenues up 22% driven by paid clicks
Google: Q2 revenues up 22% driven by paid clicks

The search giant has revealed revenues for the three months to 30 June hit $16bn (£9.4bn), while profits are up 6% to $3.4bn (£2bn).

Although paid clicks were up by a quarter year on year and up 2% on the previous quarter, cost-per-click decreased by approximately 6% on the same period in 2013.

Google’s chief financial officer Patrick Pichette said: "Google had a great quarter with revenue up 22% year on year, at $16bn. We are moving forward with great product momentum and are excited to continue providing amazing user experiences, with a view to the long term."

Google also announced that chief business officer Nikesh Arora, who joined the firm nearly 10 years ago, is leaving the firm to join Japan-based SoftBank as vice-chairman. He will be replaced in the interim by sales boss Omid Kordestani.

It marks the latest in a number of high-profile departures from Google in recent times. YouTube boss Salar Kamangar left earlier this year, while head of social networking services Vic Gundotra revealed he was to depart in April.