revenue report
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.
Kinect sales boost Microsoft revenues
GLOBAL - Microsoft has reported record revenues of US$19.9 billion for its second financial quarter, ending 31 December 2010, up 5 per cent from last year, as sales of its motion sensor controller system Kinect took off.
Yahoo profits rise 86 per cent in 2010 to US$1bn
GLOBAL - Yahoo has nearly doubled its profits for the fourth quarter and reported 86 per cent growth for the year following a period of heavy cost-cutting across the company.
P&G profits drop despite two per cent sales increase
GLOBAL - Procter & Gamble, the world's largest consumer goods company, has suffered a 6.8 per cent year-on-year drop in net earnings to US$3.08 billion in its first financial quarter.
Sorrell's WPP announces highest growth in a decade
GLOBAL - Sir Martin Sorrell has revealed WPP's best quarterly organic revenue growth for a decade with sales returning to the levels enjoyed in 2008, despite the group having 8 per cent fewer people.
Omnicom signals digital acquisitions as profits rise
GLOBAL - Omnicom has recorded 5.4 per cent year-on-year growth in its third-quarter net income to US$174.6 million, on the back of a 5.5 per cent increase in revenue to US$2.99 billion.
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