Skype - A recession proof business?

There’s been plenty written about how Skype was a bad buy for eBay, but lets face it which of us hasn’t ever made a bad buying decision, whether it be stock for selling on eBay or other investments? That’s changing for Skype though, far from being written off as Meg Whitman’s worst decision Skype continues to prove it’s critics wrong by outperforming the rest of the technology market.
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Despite the world economy downturn, Skype appears to be bouncing from one high to another and bucking the trend to become more profitable than ever before. This appears to be partly led by users looking for the most cost effective methods for communicating, and not just consumers - businesses too are looking for cost cuts and are turning to Skype.

Today Skype hit the milestone of 15 million users logged on concurrently. In his speech at CES, Skype CFO Scott Durchslag said Skype has been growing about 50% compared to the previous year in almost every metric from minutes, to new users, to revenues.

Skype have also just had their seventh straight quarter of profitability and are pushing ahead with new products which for 2009 include Skype for MAC OS X, the 3 Skypephone, Skype for the iPhone, Skype for Google Android phones and Skype for Window Mobile Devices.

While other technology companies are shedding staff and reining in spending Skype is expanding their portfolio and making money. It’s an impressive performance from the black sheep of eBay’s portfolio of companies.

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BY Chris Dawson
Source：tamebay

Copyright © 2006 - 2009 Chris Dawson.