Google Reports Quarterly Revenue Growth
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Google(MOUNTAIN VIEW, Calif.) — Google announced its financial results for the second quarter Thursday, reporting a 22 percent increase for the year at $16 billion.
“We are moving forward with great product momentum and are excited to continue providing amazing user experiences, with a view to the long term,” said Patrick Pichette, CFO of Google.
The online search provider attributed growth to mobile and video advertising.
Majority of revenue came from Google’s sites, which generated $10.94 billion, or 69 percent of total earnings in the second quarter of 2014.
The tech company also announced a management change Thursday, announcing that its Chief Business Officer Nikesh Arora will be leaving after nearly 10 years. He will be replaced by business founder Omid Kordestani.
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