Google CFO Warns of Slow Growth

Google's Chief Financial Officer George Reyes sparked more than a 10 per cent sell-off in the Web search leader's volatile stock after he cautioned that online advertising revenue growth could slow. Speaking at a Merrill Lynch internet advertising conference here, Reyes said the company's Web search advertising business, which generates 99 per cent of its revenue, would depend on overall market growth rather than specific improvements Google makes that can result in greater sales. "Growth is slowing and now largely organic," the Google CFO was quoted by CNBC financial television as saying. "The search monetisation gains have now been largely realised."

Source - NZ Herald