Google Inc. (GOOG) reported second-quarter 2014 adjusted earnings of $6.08 per share, below the consensus estimate of $6.23 per share. Revenues for the quarter rose 13.1%, to $15.96 billion, compared to the second quarter of 2013.
Year-over-year comparisons were as follows:
- Sites revenues grew 23%, to $10.94 billion, or 69% of total revenues
- Network revenues grew 7%, to $3.42 billion, or 21% of total revenues
- Other revenues grew 53%, to $1.60 billion, or 10% of total revenues
- International revenues grew 55%, to $9.33 billion, representing 58% of total revenues
Paid clicks for the quarter increased approximately 25% compared to the second quarter of 2013. Cost-per-click decreased approximately 6% year over year, but remained flat quarter over quarter.
An article from TechCrunch.com mentioned, “Google also announced that Nikesh Arora, its Chief Business officer, is leaving Google to join SoftBank as its vice chairman of the company and CEO of SoftBank Internet and Media. He had been with Google since 2004 and held numerous roles there, including serving as president of its Global Sales Operations and Business Development from 2009 to 2010, its president for Europe, Middle East and Africa from 2007 to 2009 and as its vice president of Europe Operations from 2004 to 2007. He will be replaced by Omid Kordestani, Google’s business founder and senior adviser to the Office of the CEO and Founders at Google.”