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Last Updated: Thursday, 2 March 2006, 21:58 GMT
Google pledges on revenue growth
Google's sign outside its Googleplex HQ
Google is sticking to its revenue guns
Google chief executive Eric Schmidt has reiterated the firm's belief that it will continue to enjoy strong increases in its revenues.

He was speaking two days after his chief finance officer George Reyes warned revenues were slowing, prompting a 10% dip in the share price.

Mr Schmidt said the firm would continue to expand outside its core internet business into other media sectors.

In January Google bought US radio ads firm dMarc Broadcasting.

High ambitions

Mr Schmidt told analysts on Thursday that the ultimate aim was for Google to become "a global $100bn (57bn) company".

Although Mr Schmidt declined to clarify whether the $100bn figure was in regard to Google's market capitalisation (the combined value of all its shares), or its revenues, its market capitalisation already exceeds this figure at $110bn.

Yet for Google's annual revenues to top $100bn will require both significant growth and time - its 2005 revenues were $6.14bn.


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