Here’s a few indicators that Web Sites are becoming an essential part of doing business.
With Australia’s online sales set to almost double this year to $10 billion (up from $6 billion last year) it looks a good year for online retailers.
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Yahoo!’s first-quarter profits doubled in the first quarter, jumping to $205 million from $101 million a year ago, as revenue zoomed 55% to $1.17 billion.
Google’s revenue doubled to $1.26 billion, and profit jumped to $369 million from $64 million a year ago.
Lots of people are advertising because lots of people are buying online.
EBay Australia and New Zealand managing director, Simon Smith, recently told Australian IT that the Australian version of the online auction site jumped 75 per cent during 2004 over 2003 in subscribers.