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 […]
Greg Sterling on August 8, 2007 at 11:24 am | Reading time: 1 minute
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.
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Greg Sterling is a Contributing Editor to Search Engine Land, a member of the programming team for SMX events and the VP, Market Insights at Uberall.