AOL Revenue Up In 1Q - InformationWeek

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AOL Revenue Up In 1Q

America Online yesterday reported earnings of 11 cents per share for its most recent quarter, ended March 31--exceeding Wall Street consensus estimates that were expecting 9 cents a share. AOL posted revenue of nearly $1.3 billion, a 66% increase over the same period last year.

Those figures exclude revenue from Netscape Communications, which AOL formally purchased in March. AOL's chief financial officer, Mike Kelly, said revenue from Netscape's enterprise software and services business for the quarter was $109 million. That was a slight drop from $118 million in Netscape's previous quarter, but an increase from $35 million a year ago. Kelly said he expects "modest" revenue growth from Netscape's enterprise business, which is now conducted in a partnership with Sun Microsystems.

For the remainder of this year, AOL will focus on introducing the next generation of products such as Netscape's long-delayed Communicator 5.0 client software suite, as well as pushing its Web properties into overseas markets by opening up new sites in Hong Kong and Latin America.

AOL and its CompuServe unit have a combined 3.2 million registered members overseas, and the company has identified international markets as a major source of its continued expansion.

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