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Yahoo ad revenues shrink, profit grows on Alibaba stake

2013-07-17 09:20:00| Telecompaper Headlines

(Telecompaper) Yahoo reported growth in net profit thanks to its 24 percent stake in e-commerce portal Alibaba, but lower revenues in the second quarter, as it struggled to increase advertising turnover. Overall revenue shrank by 7 percent to USD 1.14 billion from USD 1.22 billion in the second quarter of 2012. Income from operations soared 150 percent to USD 137 million from USD 55 million, and net earnings per diluted share were 68 percent higher at USD 0.30 in the latest quarter, compared to USD 0.18 a year earlier. CEO Marissa Mayer said she was encouraged by Yahoo's second quarter performance. Yahoo expects to report USD 1.06 billion to USD 1.1 billion of revenue excluding traffic acquisition costs in the current quarter and USD 4.45 billion to USD 4.55 billion in the full year. Non-GAAP operating income USD 165 million to USD 185 million and USD 900 million to USD 1 billion, respectively.

Tags: yahoo profit revenues alibaba

 

Frontier's presence grows

2013-07-14 12:59:24| Telecom - Topix.net

It has been three years since Frontier walked through the door Verizon Communications Inc. exited.

Tags: presence grows frontiers

 
 

Frontier's presence grows

2013-07-14 11:10:31| Wireless - Topix.net

It has been three years since Frontier walked through the door Verizon Communications Inc. exited.

Tags: presence grows frontiers

 

Frontier's presence grows

2013-07-14 10:05:44| IT Services - Topix.net

It has been three years since Frontier walked through the door Verizon Communications Inc. exited.

Tags: presence grows frontiers

 

Drumbeat about Microsoft reorg grows louder

2013-07-09 23:12:13| InfoWorld: Top News

Reports of an imminent and broad Microsoft business reorganization keep mounting, including an anonymously sourced article from The Wall Street Journal's AllThingsD blog that says CEO Steve Ballmer will unveil the plan on Thursday. Microsoft critics have pointed out for years that the company has a product lineup that is too big and too varied, and that it could make sense to split up the house that Bill Gates built into more independent subsidiaries or even spin off some units entirely.

Tags: microsoft grows louder drumbeat

 

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