Russia’s internet giant Yandex upgrades outlook after strong Q2

Russia’s internet giant Yandex upgrades outlook after strong Q2

The logo of Russian internet group Yandex is pictured at the company’s headquarter in Moscow, Russia October 4, 2018. REUTERS/Shamil Zhumatov/File Photo

MOSCOW, July 28 (Reuters) – Russian internet giant Yandex (YNDX.O) on Wednesday reported a 34% rise in second-quarter adjusted net income compared with a year ago and raised its 2021 group revenue forecast to between 330 and 340 billion roubles ($4.49-$4.63 billion).

Yandex, which is spending $400-500 million on an e-commerce drive this year…


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