Technology

Yahoo's Q1 net income slips

MUMBAI: In the first quarter earnings of this year, Yahoo?s non-GAAP revenue was $1.064 billion compared to $1.13 billion in the same period last year. This shows a 6 per cent year- over-year (YoY) decrease.
 
Yahoo?s GAAP diluted revenue for the first quarter was $1.214 billion, a 24 per cent decrease from that of last year. Operations income also increased by 1 per cent to $190 million in this year?s first quarter.


Yahoo?s net earnings per diluted share for the first quarter were $0.17 compared to $0.22 in the first quarter last year, also representing a slip of 23 per cent.
 
The portal?s total net earnings for Q1 2011 were $223 million compared to $310 million in Q1 2010, showing a drop of 28 per cent.


Yahoo?s display revenue increased 10 per cent but overall search revenue fell by about 19 per cent.


The portal blamed its revenue dips on the reconfiguration of revenue due to a search agreement with Microsoft. It also held that revenue was flat YoY once the revenue was deducted from the sales of Zimbra and Hot Jobs as well as certain fee rate reductions.
 

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