Google Chief Business Officer leaving for SoftBank

SAN FRANCISCO (Reuters) - Google Inc said its chief business officer will be leaving the company, the latest high-ranking departure as the Internet company beat Wall Street's revenue target on Thursday.

Shares of Google were up roughly 1 percent in after hours trading on Thursday at $580.

Nikesh Arora, who joined Google nearly 10 years ago, will be joining SoftBank Corp as vice chairman, according to a post on the Google+ social network by Google Chief Executive Larry Page.

Google's revenue in the three months ended June 30 totaled $15.96 billion, compared to $13.11 billion in the year ago period. Analysts polled by Thomson Reuters I/B/E/S were looking for $15.61 billion in revenue.

(Reporting by Alexei Oreskovic; Editing by Cynthia Osterman)