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Groupon CFO: Global Demand Strong Despite Uncertainty

Groupon CFO: Global Demand Strong Despite Uncertainty

The chief financial officer of daily deals site Groupon said during a recent presentation to investors that the company's international business continues to grow at a high rate despite turmoil and uncertainty in Europe.

Reuters reports that the presentation, which was given as a webcast from Scottsdale, Arizona, represented the first time that CFO Jason Child and chief executive officer Andrew Mason have given public comments since the company's initial public offering in early November.

While Groupon's shares dipped below the $20 IPO price last week over competition concerns from LivingSocial and uncertainty in Europe, the company reportedly gets more than half of its revenue from its international operations and expects this segment to continue growing, according to Reuters.

Business Insider reports Benchmark analyst Frederick Moran said in a recent note that Groupon's gross billings are expected to climb 224 percent for the fourth quarter of 2011. While that growth is certainly strong, it represents a decline from 480 percent during the third quarter, the news source said.