FAST Misses Q2 Revenues, Changes Accounting Practices

FAST Search & Transfer said that Q2 earnings were off based largely on a change in accounting practices. The company had formerly booked MOUs (memoranda of understanding) as revenue and that practice has been eliminated. We were informed but have been unable to substantiate that the company’s accounting practices are now under investigation. Second quarter revenues and related presentations are available here.

Related Topics: Business Issues: General | Channel: Industry | Search Engines: Other Search Engines

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About The Author: is a Contributing Editor at Search Engine Land. He writes a personal blog Screenwerk, about SoLoMo issues and connecting the dots between online and offline. He also posts at Internet2Go, which is focused on the mobile Internet. Follow him @gsterling.

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  • http://infoingenuity.blogspot.com/2007/08/is-fast-candidate-for-acquisition.html Suvendu

    Is FAST for acquisition ?

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