Bartz Aims To Juice Yahoo's Margins

SINGAPORE (TheStreet) -- Yahoo!'s (YHOO Quote) CEO Carol Bartz said her goal is see the Internet search company increase operating profit margins by 15% to 20% within the next two to three years.

Bartz also told reporters at a luncheon in Singapore she expects Yahoo! to receive regulatory approval for its plan for a 10-year Internet search partnership with Microsoft(MSFT Quote), and to complete the deal by the first quarter of 2010, MarketWatch reports.

Bartz called Yahoo!'s performance this year "terrible" and vowed to turn things around by spurring revenue and cutting costs, the Associated Press reports. This year's margins were 6%.

"Yahoo is certainly poised to execute financially," Bartz said, AP reports. "We saw the economy stabilize in the last quarter and that feels really good."

The company also plans to expand its operations in India and hire more staff, Bartz said.

-- Reported by Joseph Woelfel in New York .

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