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Deprecated - Altavista, Alltheweb.com Forum

    
FAST Q4: 24% Revenue Growth
heini

WebmasterWorld Senior Member heini us a WebmasterWorld Top Contributor of All Time 10+ Year Member



 
Msg#: 811 posted 3:53 pm on Feb 25, 2003 (gmt 0)

[fast.no...]

Q4 2002 revenues grew 24% to $12.9 million from the previous quarter as new business revenue increased by 26%. Net profits for the year totaled $1.5 million, compared to a net loss of $32.9 million in 2001.

75% of revenues were generated by the enterprise sector.

Looks like Fast is a profítable company without the websearch divison.

 

Tor

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 811 posted 5:58 pm on Feb 25, 2003 (gmt 0)

Excellent news Heini. They will be even more profitable this year after the sale of their web search arm to Overture.

Tor

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 811 posted 2:17 pm on Feb 26, 2003 (gmt 0)

The Fast stock is gaining another 6-7% today because of the deal with Overture. Analysts are recommending investors to buy the stock because of the bright outlook for the company`s enterprise business.

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