Yahoo announces 87% profit growth results

Yahoo has announced profit growth of a whopping 87% on 1% revenue growth for the first quarter of 2010 versus the same period in 2009.

Yahoo’s Chief Executive Officer Carol Bartz said:

We had a good quarter, delivering income from operations higher than our outlook. Thanks to our efforts, our search share has stabilized, and we grew display advertising by 20% year over year. More importantly, guaranteed display grew by 24% as advertisers took advantage of the science, art and scale that only Yahoo! can offer.

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