Feeds

Software! miss! sours! Yahoo!

Numbers look flat

Top three mobile application threats

Yahoo! lost the confidence of investors last night, despite posting solid earnings that were firmly in line with the company's predictions.

The results for Q2 2006 came in as expected, with revenues of $1.12bn after traffic acquisition costs (TAC) had been deducted, up 28 per cent from a year ago. Gross revenue was up 26 per cent to $1.58bn.

Yahoo! recorded a net income of $164.3m before accounting for stock-based compensation, up just $4.4m from the previous quarter, and in comparison to $754.7m a year ago. That quarter, however, was inflated by a sale of Google stock that Yahoo! had acquired as part of a favourable patent settlement. (Q1 and Q3 last year produced net income of $204m and $253m).

But CEO Terry Sempel warned that the software upgrade to its classified ad system, codenamed 'Panama', would be delayed and wouldn't now be ready until the first quarter of next year.

Yahoo! reported a solid increase in subscribers. 14.3m of the portal's 208m active registered users pay for additional services, up 42 per cent year on year and 8 per cent sequentially. And the recruitment drive continues: Yahoo! ended Q2 with 10,500 employees. Investment analysts noted however that the number of registered users had failed to increase, for the first time ever.

Although Yahoo! left its full year prediction unchanged, stock fell 14 per cent in after hours trading. ®

Application security programs and practises

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Microsoft: We're making ONE TRUE WINDOWS to rule us all
Enterprise, Windows still power firm's shaky money-maker
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
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.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.