Feeds

AOL sees huge hike in profit

ISP in upbeat mood -- who wouldn't be?

  • alert
  • submit to reddit

3 Big data security analytics techniques

AOL has reported that its second quarter after-tax profits romped ahead by 340 per cent to $88 million, confirming its position as one of the world's leading Net companies. Revenues from subscriptions climbed to $779 million, an increase of 61 per cent over the same period last year. And revenues from advertising and commerce rose to $126 million, an increase of 133 per cent. Predictably, the company was delighted about its performance especially since it even seemed to take some analysts by surprise. "With this quarter's record results, we continued to build excellent momentum throughout our operations and across all brands," said Steve Case, chairman and CEO of AOL. He spoke freely about 1998 being a watershed for the Net explaining to reporters that it had now truly come of age. In a separate announcement, AOL's board of directors voted for a two-for-one split of the company's common stock. The split will take place on 22 February when stockholders will receive an additional share for every one they own. Anyone who bought 1000 shares for $11,500 at the company's initial public offering in 1992 -- and who still held stock -- would, after the latest split, own 64,000 shares worth around $5 million. ®

Combat fraud and increase customer satisfaction

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.