January 29, 2004
Ask Jeeves profit triples in fourth quarter
My spin: I have not used Ask Jeeves in quite some time, as I've been doing my searches primarily on Google. I'm glad Ask Jeeves is still around as I think how it lets you ask a simple question and get a decent answer is good.
The Mercury News: Ask Jeeves, owner of the Ask.com Internet search site, said its fourth-quarter net income more than tripled to $7.64 million as it sold more advertising.
Profit rose to 13 cents a share from $2.01 million, or 5 cents a share, a year earlier, the Emeryville company said in a statement. Revenue rose 58 percent to $31.8 million from $20.2 million.
Ask Jeeves and other Internet search services have boosted revenue by inserting advertising into search results. Ask Jeeves provides its so-called sponsored search advertising service through a partnership with Google, the world's most-used search engine. (full story)
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