Thursday, October 28, 2004

Ask Jeeves Q3 revenues up 178 percent

From clickz.com:

Ask Jeeves more than doubled its profits from last year, posting third quarter net income of $10.7 million, or $0.15 per share, the company reported today.

This compares to income of $3.8 million, or $0.07 per share, for the comparable year-ago quarter. Revenues for the quarter grew 178 percent to $75.7 million, compared with $27.2 million for the same quarter last year.

According to CEO Steve Berkowitz, much of Ask Jeeves' success this quarter came from making Ask.com more personal, through the launch of My Jeeves; more local, through a partnership with CitySearch and improvements to maps and directions; and more relevant due to improvements in its Teoma algorithm.

Google doubled its profits this quarter, reporting net income of $52 million, or $0.19 per share. Yahoo! reported net income of $253 million for the quarter, or $124 million, not counting the post-IPO sale of a quarter of its stake in Google.