Wednesday, 21 April 2010 11:26

Yahoo! revenues rise

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Yahoo!'s first quarter results show a revenue improvement on 2009, but only a small one.


With the GFC starting to fade into history, Yahoo! has reported a 1% year-on-year revenue improvement for the first quarter of 2010. The company's total revenue was $USA1,597 million.

Net income per diluted share rose from $US0.08 in 1Q09 to $US0.22, but that includes $US0.05 related to the sale of Zimbra and $US0.02 from "transition cost reimbursements from Microsoft."

(Implementation of the search agreement between Yahoo! and Microsoft commenced on February 23, 2010.)

"We made important strides on several measures in the first quarter," said chief financial officer Tim Morse.

"Our operating margin improved and we began redeploying capital into share repurchases and value-creating acquisitions. Our operating income growth and expanded margins this quarter demonstrate the success of our efficiency efforts as well as the first tangible benefits of our search agreement with Microsoft," he added.

Yahoo! expects its 2Q10 revenue to be in the range of $US1,600 to $US1,680 million.

 

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Stephen Withers

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Stephen Withers is one of Australia¹s most experienced IT journalists, having begun his career in the days of 8-bit 'microcomputers'. He covers the gamut from gadgets to enterprise systems. In previous lives he has been an academic, a systems programmer, an IT support manager, and an online services manager. Stephen holds an honours degree in Management Sciences and a PhD in Industrial and Business Studies.

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