Feb. 23, 2012 (China Knowledge) - Qihoo 360 Technology Co<QIHU>, a leading security software company in China
, reaped US$15 million in net profit attributable to shareholders in the fourth quarter of 2011, reflecting a year-on-year jump of nearly three folds from US$4 million.
Non-GAAP net profit attributable to shareholders was US$24.3 million, over tripled from US$5.2 million in the fourth quarter of 2010.
For the quarter ended Dec. 31, 2011, the U.S.-listed firm's revenue totaled US$62.3million, an increase of 214.5% year on year from US$19.8 million. In the reporting period, the company's diluted earnings per American Depositary Share were US$0.13, while the non-GAAP diluted earnings per ADS were US$0.20.
In the whole year of 2011, Qihoo 360 Technology earned US$15.6 million in net profit attributable to shareholders, up 83.4% year on year from US$8.5 million. Last year, the firm's revenue nearly doubled to US$167.9 million and diluted earnings per ADS stood at US$0.14.
At the end of last year, the company had US$343.7 million in cash.
For the first quarter of 2012, the security software maker expects its revenue to be in the range of US$63 million to US$65 million, representing a year-on-year jump of 175% to 183% and a sequential increase of 1% to 5%.