Jeeves Reports Earnings
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Written By Reprise Media | February 3, 2005 | Share This
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Coming on the heads of Google’s monsterous earnings call, Ask Jeeves announced a strong quarter of their own this afternoon. Some headlines:
- Revenue nearly tripled to $86.1 million from $31.8 million.
- Net income from continuing operations rose to $17.1 million, or 25 cents per share, from $7.6 million, or 13 cents.
- Revenues for the […]
Coming on the heads of Google’s monsterous earnings call, Ask Jeeves announced a strong quarter of their own this afternoon. Some headlines:
- Revenue nearly tripled to $86.1 million from $31.8 million.
- Net income from continuing operations rose to $17.1 million, or 25 cents per share, from $7.6 million, or 13 cents.
- Revenues for the year ended December 31, 2004 were $261.3 million. These 2004 revenues represent 144% growth over revenues of $107.3 million for 2003.
While many criticize Jeeves for being so reliant on Google for their revenue stream, we believe this is a good strategy. It has allowed them to bear down and focus on builiding a good product and getting people back to the site. In fact, we feel that this focus has been one of the primary reasons the Butler has done a remarkable job of turning the boat around. While they are obviously a distant player to the web titans, Jeeves continues to be the little engine that could. Congrats to all our friends at AJ.
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Topics: Investment, M&A |