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Yahoo First Quarter Results: Revenue Dips Slightly, Profits Increase

Posted by Unknown on from the turning-around-very-slowly dept.

New submitter dolilmao was the first with the news of Yahoo's first quarter results. From Techcrunch: "Yahoo just released its earnings report for the first quarter of 2013, with better-than-expected (non-GAAP) earnings of $420 million, or 38 cents per share. Revenue (excluding traffic acquisition costs) was flat compared to last year, at $1.07 billion. Analysts has predicted that the company would report revenue of $1.1 billion and 24 cents EPS. Wall Street normally evaluates Yahoo on an ex-TAC basis — including traffic acquisition costs, revenue was $1.14 billion, down 7 percent from last year."

2 of 84 comments (clear)

  1. probably fired everyone by danbuter · · Score: 5, Insightful

    If revenue is down, but profits are up, I'm betting a bunch of the long-term employees were fired, as they were the most expensive. While this will help Yahoo's short-term outlook, a few years down the road will be really bad for them.

    1. Re:probably fired everyone by shaitand · · Score: 5, Insightful

      That's beside the point. Nobody who sees you slash and burn your tenured staff is going to have any loyalty to the company.

      This is the kind of shit that breeds every man for himself and short term thinking. How much something counts is only about how much it appears to count. Jump to the greener pasture on the other side at the first instant. Etc. Etc. It's actually bad for morale and bad for the company. Management and staff take an aggressive and hostile view of one another.

      Makes for a shitty place to work and the last place anyone is going to innovate, ever.