Feeds

Doubleclick in the Q3 dumps

Job cuts should improve Q4

  • alert
  • submit to reddit

Internet Security Threat Report 2014

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...

Beginner's guide to SSL certificates

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
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?
Getting ahead of the compliance curve
Learn about new services that make it easy to discover and manage certificates across the enterprise and how to get ahead of the compliance curve.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.