That’s the word from CFO Tim Morse, who said at the company’s investor day that Yahoo (NSDQ: YHOO) now expects annual 7 to 10 percent revenue growth between 2011 and 2013, according to several reports. By contrast, Yahoo’s revenue dropped by roughly 10 percent last year and grew only about 4 percent in 2008.
The improving numbers are being fueled by returning sales of display ads, which Morse expects to see grow by between 13 to 16 percent each year for the next three years; search ad sales, he says, will jump between 3 and 6 percent annually. The search number is particularly noteworthy, considering Yahoo has been reporting big double digit drops in search revenue during recent quarters.
Morse also said operating margins would reach between 18 and 24 percent between 2011 and 2013. The AP points out that’s up from the 15 to 20 percent margins the company projected at its investor’s day in October when CEO Carol Bartz called the company’s operating margins — which then stood at about six percent — “pathetic.”
Already, Yahoo’s results have been showing signs of improvement; the company has said it expects revenue this quarter to grow by as much as 7 percent — and last quarter posted a 20 percent jump in display ad sales.