Yahoo! earnings climb but revenue stays modest

  • Technology Premium
  • Wednesday, 21 Jul 2010

SAN FRANCISCO: Yahoo! Inc’s turnaround effort wavered in the second quarter as the Internet company’s lacklustre revenue growth overshadowed a surge in net income.

The results released yesterday could cause some investors to doubt the strategy of Yahoo!’s no-nonsense CEO, Carol Bartz, who was hired 18 months ago to lead the company out of a prolonged financial funk that has depressed its stock.

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