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FAST Q4: 24% Revenue Growth

     
3:53 pm on Feb 25, 2003 (gmt 0)

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[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

5:58 pm on Feb 25, 2003 (gmt 0)

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

Tor

2:17 pm on Feb 26, 2003 (gmt 0)

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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.