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Yandex 2011 Financial Results: Revenues Up 60%

Files under: News
Posted by: admin @ 03:34 [22. 02. 12]

The leading Russian search engine and contextual advertising company Yandex (NASDAQ: YNDX) has announced its financial results for Q4 2011 and full-year 2011. Driven by a 56%-annual growth in the Russian online advertising spendings, Yandex rouble-based annual revenues has grown 60% to 20 billion ($622 million). Yandex completed $1.3 billion IPO on NASDAQ in May [...]