AOL Revenue Up In 1Q - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


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.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of IT & Cybersecurity Operations 2020
The State of IT & Cybersecurity Operations 2020
Download this report from InformationWeek, in partnership with Dark Reading, to learn more about how today's IT operations teams work with cybersecurity operations, what technologies they are using, and how they communicate and share responsibility--or create risk by failing to do so. Get it now!
10 Cyberattacks on the Rise During the Pandemic
Cynthia Harvey, Freelance Journalist, InformationWeek,  6/24/2020
IT Trade Shows Go Virtual: Your 2020 List of Events
Jessica Davis, Senior Editor, Enterprise Apps,  5/29/2020
Study: Cloud Migration Gaining Momentum
John Edwards, Technology Journalist & Author,  6/22/2020
Register for InformationWeek Newsletters
Current Issue
Key to Cloud Success: The Right Management
This IT Trend highlights some of the steps IT teams can take to keep their cloud environments running in a safe, efficient manner.
White Papers
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll