By Andrey Ostroukh

MOSCOW--Yandex NV's (YNDX) second-quarter profit beat analyst expectations thanks to new services and lesser competition from Google, the operator of Russia's most popular search engine said Thursday.

Yandex, which is listed in New York and is one of Europe's largest internet companies, said second-quarter adjusted net income rose 40% on the year to 3.9 billion rubles, which the company said is equivalent to $60.8 million. At Thursday's exchange rate, the company earned $58.7 million from April through June. Analysts polled by Interfax news agency had on average expected a figure of RUB3.3 billion.

Yandex has improved its mobile business by expanding on Android devices following a favorable Federal Antimonopoly Service ruling in Yandex's conflict with Google, Alexander Shulgin, Yandex's chief operating officer of Yandex, said in the earnings report.

Earlier this year, a Russian court found Google guilty of abusing the dominant position of its Android mobile-phone operating system, in a victory for the Russian company, which has a rival Internet search engine.

Yandex said revenue grew 30% from a year earlier to RUB18 billion. Adjusted earnings before interest, taxes, depreciation and amortization increased by 40% to RUB6.8 billion.

"We posted strong results in the second quarter with notable contributions from our Taxi, Market, and Classifieds business units," Chief Executive Arkady Volozh said.

Based on its first-half performance, Yandex raised its full-year revenue growth outlook to 19%-22% from 15%-19%.

Write to Andrey Ostroukh at andrey.ostroukh@wsj.com

(END) Dow Jones Newswires

July 28, 2016 07:23 ET (11:23 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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