Google has reported 22% increase in revenue during the second quarter period from March through June compare to a year earlier. This increase in revenue is more than the expectation of the investors but the profit is not as expected.
Google reported it's profit was $3.4 billion, which was up by 6% while revenue rose up to $16 billion.
With the reports out the Google shares rose by more than 1% in share market.
Goods advertisement are very popular in internet and many clients are using these advertisement to increase their sales. While Google announced increase in revenue, Google's chief business officer is leaving for SoftBank. Google announced Nikesh Arora was leaving for SoftBank.
Omid Kordestani, who was Google’s business founder and formerly led Google’s sales team, will be replacing Mr Arora temporarily.
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