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RSS feedsYahoo's profit jumped to $542m (£271m) during the first three months of 2008, compared with $142m reported in the same period last year.
Quarterly sales rose to $1.82bn, up from $1.67bn in 2007. The search giant's net revenue was $1.35bn, slightly surpassing the $1.32bn predicted by Wall Street.
Yahoo will hope that the solid figures will help to reinforce the value of its business in the light of an attempted acquisition by Microsoft. The search firm has until Saturday to give a final response to a $44.6bn takeover offer.
“Not only does Yahoo have a unique franchise, it increasingly has industry-leading tools, technology and, most importantly, people," said chief executive Jerry Yang.
"It is the hard work, dedication and professionalism of our people that is our greatest asset – and this quarter’s performance demonstrates how well they can perform under unusually challenging circumstances.”
Yahoo previously wrote off Microsoft's bid as being undervalued, but the software giant has suggested it may attempt to incite a shareholder revolution if its offer is not accepted.
See also:
But the door remains open for a possible joint offer with Microsoft 22 Apr 2008
The battle for Yahoo hots up as AOL and News Corp enter the fray 10 Apr 2008
But search giant opens the door to further negotiations 07 Apr 2008The software giant is pushing for progess in its £22.4bn hostile acquisition bid 07 Apr 2008All IT Finance & Reporting Tags: Finance, Strategy
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