Feeds

Ask Jeeves revenue and loss narrows

Will that be all, sir?

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Butler-serving search engine outfit, Ask Jeeves, has warned that it might not make a profit by the end of the year.

Ask Jeeves' pessimistic view comes as it reported Q2 revenues $16.7 million, down from $25.9 million for the same period last year.

Net loss for Q2 2001 fell to $20.9 million - down from $42 million recorded in Q2 2000.

Despite the problems facing the sector Ask Jeeves predicts it will have enough cash to see it through. It has reduced its operating costs by $65 million a year and believes there is still further scope to cut costs.

But Steve Sordello, chief financial officer warned: "Third quarter revenue will be affected by the market environment and our normal summer slow down.

We expect to see a return of revenue growth in the fourth quarter due to the historical traffic strength of the quarter and the continued traction of our new ad products.

"However, in light of the limited visibility in the current market, we are no longer comfortable providing a definitive pro forma profitability target for the fourth quarter 2001," he said. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
BT said to have pulled patent-infringing boxes from DSL network
Take your license demand and stick it in your ASSIA
Right to be forgotten should apply to Google.com too: EU
And hey - no need to tell the website you've de-listed. That'll make it easier ...
prev story

Whitepapers

Go beyond APM with real-time IT operations analytics
How IT operations teams can harness the wealth of wire data already flowing through their environment for real-time operational intelligence.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Website security in corporate America
Find out how you rank among other IT managers testing your website's vulnerabilities.