Internet search engine gets pride and profits back

| 27/05/2010

(Reuters): Yahoo Inc said it could return to double-digit revenue growth in the next few years, as the Internet pioneer revamps its network of websites to attract users and advertisers in a shifting Internet industry. Yahoo told analystsWednesday that its net revenue growth between 2011 and 2013 would average between 7 and 10 percent as opposed to the roughly 13 percent revenue decline that it experienced in 2009. "Yahoo has its focus. It is excited about its future and it has its pride back," Chief Executive Carol Bartz said. Yahoo claims more than 600 million global users and plans to add more social media, video and local content to its properties as a way of growing its revenues.

 
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