Ask Jeeves Q4 Revenue, Net Profit Rise

Share this content:
Ask Jeeves Inc. announced fourth-quarter revenue last week of $22.7 million, up from $15.4 million in the comparable year-ago quarter and $17.8 million in the third quarter.


Fourth-quarter net profit was $2 million. The company had a net profit of $1.3 million in the comparable year-ago quarter and a net loss of $4.4 million in the third quarter.


Revenue for the full 2002 fiscal year was $74.1 million, up from $66.6 million in 2001. The company had a net loss for 2002 of $21.3 million. Ask Jeeves lost $425.3 million in 2001, which included a $355.3 million charge for the write-off of goodwill and other intangible assets associated with prior acquisitions.


Web Properties revenue was $19 million in the fourth quarter, up from $14.7 million in the third. Web Properties includes the company's Ask Jeeves Web site and the syndication of monetized search technology to affiliate partners. The company attributed much of the gain to increased sales of its premium advertising products, strong performance of paid listings and record revenue from Ask Jeeves UK.


Revenue for Jeeves Solutions, the company's enterprise software business, totaled $3.7 million in the fourth quarter compared with $3.1 million in the third.


Loading links....
close

Next Article in Digital Marketing

Sign up to our newsletters

Company of the Week

Since 1985, Melissa Data has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa Data offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

DMN's Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here