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Google numbers

Looks like Google's Q207 numbers are off expectations. Oh well; the street can be myopic.

Most interesting figures - 5% slip in operating margin against growth and a 74% increase in employees during the past year. The former might suggest creeping bureaucracy. The latter is less about the bottom line, but just as important - say what you like about Google's "over the mean" hiring policy, that figure represents massive residual risk.

July 19, 2007 10:54 PM


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