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Despite slower growth, Google's stock goes up

Original post made by GoogleWatch, News on Mountain View's largest employer, on Apr 17, 2009

Welcome to GoogleWatch, news briefs about the city's largest employer.

The Associated Press [Web Link reports] that Google's stock price is doing better than expected after the company cut staff and other expenses over the last few months.

The company's revenue grew by only 6 percent this quarter, the first time the company posted revenue growth less than 10 percent. Meanwhile stock prices reached $4.49 per share, up from $4.12 per share a year ago.



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