The company has only scratched the surface of its opportunities for growth, Page said.

The growth opportunities are both in its core search advertising business and in its emerging businesses, such as in mobile with its Android platform, enterprise software with the Google Apps suite and display advertising on sites such as YouTube, he said.

"We're only at 1 percent of what's possible," Page said.

Google also sees great potential in local advertising and e-commerce. In mobile, more than half a million Android phones are activated worldwide every day, and there are a total of 135 million Android devices worldwide, officials said. "Android is on a tear," Page said.

Google's Chrome browser is also doing well, with about 160 million users globally, he said.