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November 10, 2009
YAHOO! INC (NASDAQ: YHOO) is no longer in the cost cutting mode. CNBC reports that Yahoo is hiring and is on an expansion mode. As a part of the guidance, the CEO of Yahoo, Carol Bartz also reaffirmed that the company is growing.
The CEO was quoted as saying that, in the next 2 – 3 years, Yahoo is looking to increase its Operating Profit Margin to the 15 – 20% range. This margin will be achieved by cutting costs and increasing revenues.
Yahoo is also planning to expand its Indian operations. There are plans to hire more staff for Yahoo’s offices in India. On hiring, she said that Yahoo is looking for those with engineering and user experience backgrounds. Finally about the Yahoo’s partnership with Microsoft Corporation (NASDAQ: MSFT), over the internet search business, Bartz is expecting smoother regulatory approval.
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