Feeds

eBay Q4 profits soar

Skype growing fast - but not fast enough for Whitman

Choosing a cloud hosting partner with confidence

eBay fired on all cylinders in the December quarter, delivering record net revenues of $1.7bn - 29 per cent higher than Q4 '05 and net income of $346m, 24 per cent up year on year.

The company reaped the benefit from higher average selling prices in its auction business and an "excellent" fourth quarter from its PayPal payment processing unit. Third party merchant services accounted for $3.9bn of the $11bn in total payment volumes handled by PayPal.

And Skype, the broadband telephony business acquired for a whopping $2.7bn in 2005, is beginning to come good. Q4 revenues climbed 164 per cent to $66m (Q4 05: $25m) and registered users at the end of the quarter were up 129 per cent to 171 million (Q4 2005: 75 million users).

But eBay CEO Meg Whitman is less than satisfied. "The monetization efforts we outlined at the time of the (Skype) acquisition are not developing as quickly as we had hoped," she said in an earnings call today. That will teach the company to overpay.

eBay's full year revenues advanced 31 per cent to $6bn, and net income was up four per cent to $1.1bn. It forecasts net revenues of $1.67bn-$1.72bn for Q1, 2007 and full-year revenues of $7.050bn -$7.3bn. eBay's board thinks times are good, clearly, authorizing up to $2bn in stock buybacks over the next couple of years. Last quarter the company bought $1bn-worth of its own stock.

Earnings statement here. ®

Secure remote control for conventional and virtual desktops

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
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.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
The Heartbleed Bug: how to protect your business with Symantec
What happens when the next Heartbleed (or worse) comes along, and what can you do to weather another chapter in an all-too-familiar string of debilitating attacks?