Daniel Farey-Jones
Apr 21, 2011

Yahoo suffers 28 per cent drop in net income

GLOBAL - Yahoo has reported first-quarter net income of US$223 million, down 28 per cent year-on-year, after a 24 per cent drop in revenue to US$1.2 billion, which the company blamed on the method it uses to account for its search tie-up with Microsoft.

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