Ask Jeeves Q1 Profits Climb

Ask Jeeves’ Q1 profit rose 36 percent from last year, as its revenue more than doubled over a year ago, helped by recent acquisitions and strong demand for online searches. It had earnings of $18.1 million, compared with $13.5 million in the year-ago quarter.

Revenue more than doubled to $94.9 million from $39.2 million a year ago. Ask Jeeves, which acquired Bloglines in February and Interactive Search Holdings last May, said search revenue rose 16 percent over the fourth quarter.

Ask Jeeves — which last month agreed to be acquired by IAC/Interactive Corp., the e-commerce company controlled by Barry Diller — said it expects the deal to close late in the current quarter, or early in the third quarter.

Earnings release here

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