Feeds

Yahoo! profits! drop! slightly!

But the market expected it!

Beginner's guide to SSL certificates

Yahoo! today reported a slight drop in quarterly profits from last year, but a figure in line with previously lowered expectations. The company's second quarter results are the first dose of earnings to arrive since co-founder Jerry Yang replaced Terry Semel as CEO.

Yahoo!'s net Q2 income was $161m, matching market estimates but falling short of the $164m the company earned a year ago. Sales reached $1.7bn for the quarter, up 8 per cent from the same period last year. Excluding payments made to advertising partners, Yahoo!'s sales were at $1.24bn. The results complete six straight quarters of declining profits for the portal.

"I am focused on doing everything we need to do to strengthen our business, capture long-term growth opportunities and create increased value for our shareholders." CEO Jerry Yang said in a statement. "By sharpening our focus, speeding execution, building our technology and talent, and investing in key growth areas, we can put Yahoo! on a clear path to fulfill its potential as an Internet leader.”

Yahoo! is still recovering from an executive shuffle performed last month under pressure from unhappy shareholders to catch up with Google in the search advertisement market. Including usurping Semel as CEO, Yahoo! lost Wenda Millard, the company's longtime chief sales officer.

Earlier this month, Yahoo! unveiled a new banner ad platform called SmartAds that allows marketers to target web surfers according to their online behavior. In February, the company introduced Project Panama, an advertising program designed to make text ads more relevant to searches. The company claims the new software is boosting results.

"Over the last several months, we have made considerable progress driving much tighter focus within our core operations to drive growth," said Yahoo president, Susan Decker. "This will take time and continued investment, but we are operating with a great sense of urgency."

Yahoo forecasts third quarter revenue of $1.17bn to $1.2bn. For end of year results, the company expects revenue of $4.89bn to $5.19bn. ®

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
prev story

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.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.