Yahoo once again disappointed it’s investors with poor first quarterly returns in which profits fell 11%. Yahoo’s net income fell to $142.4 million from $159.9 million a year earlier. Investors had hoped that Yahoo will bring in loads of ad dollars with the launch of it’s new advertising system earlier this year. Again we can’t blame Yahoo right now, since the company had declared initially that returns from the new advertising system won’t show up till second quarter.
April 19, 2007 at 3:58 pm |
[...] As Yahoo’s money machine slows down, Google’s keep picking pace with every quarter. Google’s last quarter revenue figures stand at $3.66 billion. That is 14% increase as compared to the fourth quarter of 2006. Google net net income for the last quarter was $1.0 billion as compared to $1.03 billion in the fourth quarter of 2006. Not sure from where the net income decrease came, but one big change is in the capital expenditures. For last year’s last quarter they stood at $367 million and for this quarter Google sharply increased it’s spending to $597 million. Ha. That’s $230 million extra for data centers, servers, and networking equipment. And this expenditure is not going to slow down this year as Google puts all the apps in the cloud. So whoever thinking of taking Google head on, better be serious in terms of scalability of your app. [...]