Internet search engine supplier Lycos has reported second quarter losses of $2 million, or 15 cents a share, an improvement on first quarter losses of $2.8 million.
The company claims the growth is down to increased advertising revenues. It boosted the number of companies advertising on its service by 50 per cent during the quarter.
Total revenues rose by 37 per cent compared with the first quarter of 1997, and by 506 per cent over last year's Q2, to stand at $5 million.
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