Thursday, 31 July 2014

CQ-Twitter quarterly revenue reaches upto $ 312 m

Social networking giant Twitter has reported a quarterly revenue of $312 million, a 124 per cent increase compared to $139 million a year earlier.  
Much of the revenue boost came from a 29 per cent increase in advertising sales.
As of 30 June Twitter active members has reached upto 271 million, an increase of 24 per cent compared to the same period a year earlier. 
Shares jumped 35 per cent to over $52 in extended trading following the announcement. The rapid increase of users was closely watched by investors.
The social media company went public in November 2013 at a price of $26 per share.

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