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Despite slower growth, Google's stock goes up

Original post made by GoogleWatch 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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