Yahoo has increased its profits by 244% despite falling sales
as its massive cost-cutting exercises reduce expenditure by
18%.
The search engine's
sales dropped 12% to $1,575 (£958m) in the financial quarter
ended 30 September, compared with $1,786 in the same period last
year.
But profit increased 244% from $54 to $186m during the same
period.
Operating costs were $775m, which was 18% lower than the same
period last year. Yahoo has cut its staff by about 2,000 in the
past 12 months.
Yahoo CEO Carol Bartz said it was "a solid third quarter that
signals our major businesses have stabilised".
"With new products like Yahoo homepage, our brand revitalisation
campaign and expansion in the Middle East through Maktoob.com, our
execution is improving and we are focused on what we do best -being
the centre of people's online lives," she said.
