Tuesday, January 27, 2009

Yahoo beats street expectations in Q4 2008

Yesterday,Y! came up with Q4 2008 results and it was a pretty decent show given the pessimism that is associated with the company in the recent past.For the whole of 2008, Y! reported revenue of $5.4 billion and earnings of $424 million which is pretty OK, i would say given the current recession that we are in today. I keep track on all quarter earnings of my company and as such i am more interested in getting to know the performances of different companies and different businesses. I am particularly passionate about Y! and i believe that we have tremendous products and platform which can change the internet surfing experience but just that we don generate enough revenues out of them. I am confident that we will emerge stronger coming out of this economic slowdown and be back in very good health. Yahooooooo!!

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