View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 10, 1997updated 05 Sep 2016 12:24pm


By CBR Staff Writer

Yahoo! Inc, the poster-boy among search engine companies, yesterday beat the Street’s estimates in style by turning in a modest first quarter profit when the consensus among analysts supposedly in the know was for net losses totaling almost $1m. The Santa Clara, California company turned in first quarter net profits up 159% on the year ago quarter – its last before going public – at $210,000, or $0.01 per share, on revenues that rose to $9.5m, from $1.7m a year before.. The First Call consensus was for losses per share of $0.03. But the analysts can be forgiven slightly, because trying to guess which side of red or black internet start-up companies are going to fall is a question of judging cash flow: Yahoo! is only in the black from the interest on its cash pile, and made operating losses in the quarter of $1.4m. Yahoo! also turned analysts’ estimates in their heads with fourth quarter results, announced in January for the same reason. during the quarter Yahoo upped its average page views per day to 30 million, including a 2 million a day from newly formed Yahoo! Japan, up from 20 million the previous quarter. Its main deals during the three months were the one signed with IBM Corp to carry IBM adverts worldwide through the year-end, and one with Netscape Communications Corp, whereby Yahoo! takes over distribution of Netscape’s Destinations button on its browser, renaming it Netscape Guide by Yahoo! and launching this quarter (CI No 3,124). Cash and equivalents stood at $94.9m on March 31.

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.