Feeds

Doubleclick in the Q3 dumps

Job cuts should improve Q4

  • alert
  • submit to reddit

Next gen security for virtualised datacentres

Doubleclick is cutting jobs to slash costs, and expects to make a smaller Q4 loss than expected. But it will still miss its forecasts.

As for Q3, it has reported an operating loss of $12.6 million, compared with a profit of $3.7 million for the period a year earlier. Sales fell 31 per cent to $92.7 million.

Chief Exec Kevin Ryan predicts the company could be profitable in 2002, with help from stringent cost-cutting. He said the company has cut about 700 jobs this year and is likely to slash another 100 this quarter to make up for declining advertising sales. ®

Related Stories

Doubleclick fails in California privacy challenge
We really do love Doubleclick because...

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
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?