Despite slower growth, Google's stock goes up
Original post made by GoogleWatch, News on Mountain View's largest employer, on Apr 17, 2009
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.