Yahoo reports rise in Q4 revenues

<p>Yahoo has reported a rise in fourth quarter revenues.</p>

Yahoo has reported a rise in revenues for the fourth quarter of 2012, with this figure rising by two per cent year on year to $1.35 billion (£860 million).

However, a one-off accounting charge means net income for the October-December period was $272.3 million, which is down by eight per cent compared to $295.6 million in the same timeframe 12 months previously.

Some 700 million web users surf the net via Yahoo every month, making it one of the top search engines in the world.

However, the organisation had to cut more than 1,000 jobs over the course of 2012 and its board has long been divided over whether it needs to concentrate on media content or tools and technologies.

At close of play on the technology-heavy Nasdaq last night (January 28th), Yahoo shares fell by 0.2 per cent to a value of $20.31 per unit.

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