Tim Koogle, chief executive of Yahoo!, responded to the news in
a prepared speech by commenting:
“this quarter’s better-than-expected
financial results underscore the strength of our global franchise
business...we will continue to focus on key growth areas to
maximise the inherent leverage and scale in our business to deliver
the best services available on the Web”.
Yahoo! revealed its net earnings for the quarter to be $73.9m
with sales rising by 110% to $270.12m. In addition, its recorded
number of page views had reached an average of 680m per day in
June, which is on average 55m more than its March figures and it
had registered 156 million unique users in the quarter.
Some observers still warn that deteriorating internet
advertising sales could stunt Yahoo!’s continued growth. It relies
on advertising and business services for 25% of its business.
However, it does not appear to be worried by this prospect as
its new chief financial officer Susan Decker has explained, “it’s
possible that overall ad spending will consolidate and favour ever
more the stronger companies. We believe it’s a period of increased
opportunity for Yahoo!”.
