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Internet giant Yahoo Inc has registered a growth in net profit for its third quarter of the 2009-10 fiscal despite the 12% dip in the net revenue registered during the corresponding period last fiscal.
The firm, which had reported a growth in its earning on Tuesday, mentioned that it was able to garner the revenue due to cost cutting means, for which they sacked more than 2,000 jobs last year.
Yahoo says it earned USD 186 million, or 13 cents a share when compared to the income of USD 54 million, or 4 cents a share, during the corresponding period last fiscal.
Revenue fell 12 percent to USD 1.58 billion.
