Feeds

Ask Jeeves revenue and loss narrows

Will that be all, sir?

  • alert
  • submit to reddit

Security and trust: The backbone of doing business over the internet

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. ®

New hybrid storage solutions

More from The Register

next story
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
OECD lashes out at tax avoiding globocorps' location-flipping antics
You hear that, Amazon, Google, Microsoft et al?
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
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?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.