AOL just announced its first quarterly results since spinning off from Time Warner. Sure, profit was a pathetic $1.4 million, but the dial-up provider's financial pathetic-ness is growing more slowly than ever. Full memo:

AOLers –

Just a few moments ago, AOL announced its first earnings in nearly a
decade. This is an important moment for our company and for every
employee.

The results are promising, with the lowest year-over-year quarterly
revenue decline in six quarters and the first sequential
quarter-over-quarter growth in over two years. And this was
accomplished even as the company was in the process of spinning off
from Time Warner and fully engaged with our Project Everest
initiative.

We couldn't have gotten to this point without the amazing amount of
work accomplished by you during the quarter. Your work is what the
future of the company will be built on, and we are incredibly proud of
that work.

Artie Minson and I will talk about the earnings in more detail on a
call with employees a little later this morning. Check out AOL Today
[http://today.office.aol.com/company-news/2010/02/dont-miss-todays-post-earnings-call]
for a link to the earnings press release and to get the employee
call-in details.

We look forward to discussing the quarter's results with you as well
as taking a step back and reviewing what we've accomplished during
this crucial period. Thank you again for the hard work, focus and
execution – let's keep going, working hard, and holding ourselves to
producing the best content, products and services on the Web. Go AOL!
– TAM