BUSINESS INFORMATION - Google Chief Executive Eric Schmidt proclaimed the worst economic storm ended Thursday

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BUSINESS INFORMATION - Google Chief Executive Eric Schmidt proclaimed the worst economic storm ended Thursday, as the Internet powerhouse's reported quarterly revenue rose seven percent to 5.94 billion U.S. dollars.

"Google has gained a quarter - we saw revenue growth of seven percent year-to-year, despite difficult economic conditions," Schmidt said in a statement.

"Although there are many uncertainties about the pace of economic recovery, we believe the worst of the recession is behind us and now feel confident about investing heavily in our future."
 

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