Tag Archives: Revenues

Russia tech group Yandex sees revenues rise

Russia tech group Yandex sees revenues rise

People walk outside the headquarters of Yandex company in Moscow, on September 14, 2015. File Photo / Reuters Moscow: Russian tech group Yandex said Thursday revenue continued to climb during the third quarter despite the country being under Western sanctions over its its invasion of Ukraine. The company’s revenues rose 46 percent compared to the July-September period last year to 113.2 billion rubles ($2.1bn at the current rate). Yandex — often dubbed “Russia’s Google” — employs around… Source link

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Russia’s Yandex posts 46% jump in revenues in Q3

Russia’s Yandex posts 46% jump in revenues in Q3

MOSCOW (Reuters) – Russian internet giant Yandex on Thursday reported a 46% year-on-year increase in total revenues in the third quarter to 133.2 billion roubles ($2.14 billion) and expanded its dominant share in the domestic search market. Yandex in August sold its news aggregator, content platform Zen and homepage yandex.ru to state-controlled VK in a move that is expected to tighten the government’s grip on the internet, but maintains Yandex’s stranglehold on online searches, which account… Source link

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Russia’s Yandex posts 46% jump in revenues in Q3

Russia’s Yandex posts 46% jump in revenues in Q3

This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Nov 3 (Reuters) – Russian internet giant Yandex (YNDX.O) on Thursday reported a 46% year-on-year increase in total revenues in the third quarter to 133.2 billion roubles ($2.14 billion) and expanded its dominant share in the domestic search market. Yandex in August sold its news aggregator, content platform Zen and homepage yandex.ru to state-controlled VK in a move that is… Source link

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Russia’s Yandex says investments could pick up as revenues rise

Russia’s Yandex says investments could pick up as revenues rise

MOSCOW (Reuters) -Russian internet giant Yandex reported on Tuesday a jump in second-quarter revenue and profit, saying efforts to save cash had helped it weather external challenges and that investments may accelerate in the coming quarters. Like all Russian companies, Yandex has had to contend with the fallout from Moscow’s decision to send troops into Ukraine on Feb. 24, and although Yandex itself has not been targeted with Western sanctions, it has faced problems as… Source link

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