Untitled Document
Excon, Excon 2011 Biggest Construction Equipment Trade fair India.
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www.epcworld.in
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Information Technology |
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| 10/22/2009 09:00:00 AM |
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New York, Oct (EPC News): Internet major Yahoo has reported an over three-fold jump in net income at $186 million for the third quarter of 2009, compared to $54 million in the previous year, supported by company's cost-cutting initiatives, even as sales dropped 12%.
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The company's revenue declined by 12% to $1.57 billion in the quarter ended September 30 from $1.78 billion in the year-ago period. The company showed some improvement in its key business areas, even as marketing services revenues fell 12% and fees revenues slipped 11% compared to that in the third quarter of last fiscal.
However as compared to the second quarter of 2009, the internet giant's marketing services revenues were flat, while fees revenue increased two percent.
EPC News Bureau
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