|| Author: James Johnson|Tags: , ,

Steady Decline At Yahoo As Profits Sink Further

Yahoo CEO Scott Thompson

With Yahoo co-founder and ex-CEO Jerry Yang no longer with the company after 16 years and CEO Scott Thompson trying desperately to create better results Yahoo on Monday announced a 13 percent decline in revenue.

The company’s Q4 2011 fiscal results show $1.32 billion in revenue, a 13 percent drop, while revenue fell by five percent to $296 million.

Yahoo also paid Microsoft $48 million as part of their deal in which Microsoft controls search engine results for the Yahoo platform.

According to Yahoo CEO Scott Thompson:

Yahoo continued to make progress in the quarter with operating income increasing ten percent year over year.”

Thompson then admitted that the company as a whole needs to pick up the pace in order to grow.

Do you think Yahoo can turn around its fortunes in 2012 amid mounting competition from the likes of AOL, Microsoft and other sector competitors?