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NGI&PR: Google Press Statement (George Reyes, CFO & Merrill Lynch conference)

Corsin Camichel [PersonRank 10]

Wednesday, March 1, 2006
13 years ago

George Reyes, Chief Financial Officer of Google Inc. (NASDAQ:GOOG), participated earlier today in the Merrill Lynch Internet, Advertising, Information, & Education conference. At this conference, Mr. Reyes made remarks regarding, among other things, revenue growth trends and expected sources of revenue growth.

We would like to clarify and provide further information on these statements. As we have stated before, monetization improvements will continue to be a key factor in driving future revenue growth. We still see significant opportunities to improve monetization and intend to continue to focus our efforts in this area.

Moreover, as we have stated in our SEC filings, our revenue growth rate has generally declined over time and we expect that it will continue to do so as a result of the difficulty of maintaining growth rates on a percentage basis as our revenues increase to higher levels.

Safe Harbor Statement

This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding future revenue growth and opportunities to improve monetization. Actual results may differ materially from our expected results. Factors that could cause actual results to differ from our expectations include competition, our ability to innovate, the growth of the market for internet advertising, our ability to penetrate foreign markets and general economic conditions. More information about potential risk factors is included in our report on Form 10-Q for the quarter ended September 30, 2005, and from time to time in other reports that we file with the SEC.

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