AOL Inc. (NYSE:AOL) reported its results for the fourth quarter. Net income for the internet information provider fell to $22.8 million (23 cents per share) vs. $66.2 million (61 cents per share) a year earlier. This is a decline of 65.6% from the year earlier quarter. Revenue Fell 3.2% to $576.8 million from the year earlier quarter. AOL beat the mean analyst estimate of 17 cents per share. Analysts were expecting revenue of $573.1 million.

“AOL took a large step forward in Q4 and I am very pleased with the way we ended the year,” said Tim Armstrong, Chairman and CEO. “Our Q4 results highlight AOL’s ability to methodically improve our consumer offering and financial performance. We continue to invest in AOL and will continue to improve our operations during 2012.”

Competitors to Watch: Google Inc. (NASDAQ:GOOG), Yahoo! Inc. (NASDAQ:YHOO), Microsoft Corporation (NASDAQ:MSFT), IAC/InterActiveCorp (NASDAQ:IACI), Demand Media Inc (NYSE:DMD), News Corporation (NASDAQ:NWSA), The New York Times Company (NYSE:NYT), CBS Corporation (NYSE:CBS), and Baidu.com, Inc. (NASDAQ:BIDU).

CommVault Systems, Inc. (NASDAQ:CVLT) in the third quarter as profit dropped from a year earlier. Net income for CommVault Systems, Inc. fell to $7.2 million (15 cents per share) vs. $7.3 million (16 cents per share) a year earlier. This is a decline of 1.3% from the year earlier quarter. Revenue rose 23.9% to $103.6 million from the year earlier quarter. CVLT reported adjusted net income of 27 cents per share. By that measure, the company beat the mean estimate of 18 cents per share. It beat the average revenue estimate of $100 million.

N. Robert Hammer, CommVault’s chairman, president and CEO stated, “We achieved an excellent third quarter which was highlighted by record quarterly revenues of $103.6 million and record Non-GAAP operating income of $19.6 million. Our year-over-year software revenue growth of 23% was driven by accelerating demand and brand recognition of our Simpana nine software suite, excellent sales execution from our Americas and EMEA operations and continued market share gains. We continue to deliver accelerating revenue and non-GAAP earnings growth while still making strategic investments to expand our global sales, marketing, services and support capabilities to better position the company for the longer term.”

Competitors to Watch: FalconStor Software, Inc. (NASDAQ:FALC), Symantec Corporation (NASDAQ:SYMC), Oracle Corporation (NASDAQ:ORCL), CA, Inc. (NASDAQ:CA), Intl. Business Machines Corp. (NYSE:IBM), Pervasive Software Inc. (NASDAQ:PVSW), TigerLogic Corp. (NASDAQ:TIGR), Microsoft Corporation (NASDAQ:MSFT), EMC Corporation (NYSE:EMC), and Hewlett-Packard Company (NYSE:HPQ).

IAC/InterActiveCorp (NASDAQ:IACI) in the fourth quarter as profit dropped from a year earlier. Net income for the catalog and mail order house fell to $48.8 million (90 cents per share) vs. $87 million (53 cents per share) a year earlier. This is a decline of 43.9% from the year earlier quarter. Revenue rose 32.2% to $596.9 million from the year earlier quarter. IACI reported adjusted net income of 70 cents per share. By that measure, the company beat the mean estimate of 42 cents per share. It beat the average revenue estimate of $566.1 million.

Competitors to Watch: Google Inc. (NASDAQ:GOOG), Yahoo! Inc. (NASDAQ:YHOO), AOL, Inc. (NYSE:AOL), Answers Corporation (NASDAQ:ANSW), Microsoft Corporation (NASDAQ:MSFT), Demand Media Inc (NYSE:DMD), Baidu.com, Inc. (NASDAQ:BIDU), InfoSpace, Inc. (NASDAQ:INSP), The Knot, Inc. (NASDAQ:KNOT), and Sohu.com Inc. (NASDAQ:SOHU).

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