Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Company - Overseas
 Search News  Or
Qihoo 360 Tech's profit nearly triples in Q4

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%.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved