Thursday, October 28, 2004

Ask Jeeves Q3 revenues up 178 percent


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 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.