Yandex, The Google Of Russia, Beats Estimates On Sales of $290M As Search Volume Grows, But Domestic Share Stagnates At 60.5%

Yandex, the "Google of Russia" that runs the country's dominant search engine along with a number of cloud-based apps, has just announced its quarterly and full-year earnings. And while the company saw one setback in its efforts to expand its presence internationally and on to new platforms like mobile, the mainline figures show that the company continues to grow. In the quarter that ended December 31, 2012, Yandex pulled in $290.4 million in revenues (8.8 billion roubles), a rise of 37% compared to the same quarter last year, and beating analyst expectations of $286 million. Full-year revenues are $955 million for the company, up 44% on 2011.

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