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Reports 43 Percent Revenue Increase | Tech News

Reports 43 Percent Revenue Increase

Russian search company with little trouble fending off Google in his homeland also doing quite well financially. Now, Yandex announced financial results for 2010, and the company has seen amazing earnings rose 43 percent compared with 2009.

That puts Yandex revenues for 2010 to be approximately $ 410 million in total net enough. For some other achievements, the official announcement explains, “income from contextual advertising has grown 45% year-over-year.”

Also, the number of Yandex advertisers increased by more than 40% on a year-over-year, with a total of about 180,000 at the end.

Meanwhile, according to the Russian Association of Communication Agencies, the Russian online advertising market overall has grown by 37 percent between 2009 and 2010, placing Yandex – which controls about 64 percent of the domestic market share Search – continuing the curve in almost every respect.

All LED Arkady Volozh, CEO of Yandex, to state, “The highlight of the year 2010, as we see it, is that by continuing to improve our product quality we managed to increase our market share in search. The large increase revenue reporting year we are two important trends – the rise of the post-crisis small and medium enterprises and the shift of ad spending online advertising on other channels “

Last week, Volozh gave an interview stating that he thinks Google and Facebook will continue to trace a local company in Russia, too.