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The Yahoo!Xtra joint venture is proving its mettle, moving from a $3.32 million loss in 2007 to a $1.58 million profit for the year ended December 2008.

Revenue grew from $5.63 million for the company’s 10 months of operation in 2007 to $8.2 million for the full year 2008. Expenses fell from $9.1 million to $7.1 million for the same periods.

Read the full story in Computerworld