Bharatstudent.com's parent company Northgate Technologies, which also owns Online Advertising network Axill and VoIP and IPTV solutions provider Globe7 has reported a consolidated profit Rs. 22.43 crores. Note that Northgate itself contributed very little to the profits - only Rs. 6 crores, down from Rs. 20.19 crores. The groups consolidated revenues were up at Rs. 173.50 crores. A majority of the groups business revolves around Online Advertising, and there's been a "Traffic Acquisition Cost" of Rs. 107.05 crores. Download the results here. It appears that there has been a change in accounting policy, so the results for this quarter are not comparable with the previous quarter, or the last fiscal. At the same time, it's interesting to note that the parent company Northgate Technologies itself has just a minority contribution to the revenues, while subsidiaries account for a bulk of the revenues. In fact, Northgate's "Other Income" of Rs 541.64 lakhs, is higher than its revenues. The consolidated results include digital subsidiaries of Northgate - Social Media India Ltd, which runs Bharatstudent.com, Northgate Investments Pte Ltd and its subsidiaries Globe7 Pte Ltd, Globe7 Inc, Axill Europe Ltd and Globe7 HK Ltd. During the quarter: Globe7 (VoIP + IPTV patented software): formed partnership with Chinese companies Baidu, Alimama and Allyes; selected to provide 'globe7@mobile' service at wifi hotspots in Hong Kong Bharatstudent: Claims to be among the Top 16 websites in India and Top 475 globally, based on Alexa. (Ed: Alexa isn't an accurate measure of traffic and performance, and we…
Advertising
Q1-09 Results: Bharatstudent.com Parent Reports Rs. 22.43 Crores Profit; Globe7 – Baidu; VoIP Over WiFi In HK
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...