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123Greetings Ships 32,345 Orders In Q4-FY12; Rs 2.90 Cr Profit, Rs 18.50 Cr Income

For its fourth quarter of the 2011-2012 fiscal (Q4-FY12), ended 31st March 2012, Intrasoft Technologies, which owns and operates the e-greeting cards site 123greetings.com, has reported a Consolidated Profit After Tax (PAT) of Rs 2.90 crore, up by 6% from Rs 2.75 crore for the same quarter last year. This is on an income (not including ‘Other Income’) of Rs 18.50 crore up by 75% YoY from Rs 10.57 crore, but a decline compared to last quarter's income of Rs 23.92 crore. Annual results: The company reported a Consolidated Profit After Tax (PAT) of Rs 11.01 crore, up by 9% and income (not including ‘Other Income’) of Rs 66.26 crore for the financial year 2011-2012. These consolidated results include the results of the company’s wholly owned subsidiaries, 123Greetings.com, Inc(USA), 123Greetings Singapore and One Two Three Greetings(India). 123Greetings primarily targets the US market. Operational Details - 123Greetings Store, the company’s online gifting e-commerce business shipped a total of 32,345 orders during the quarter, a decline compared to 57,042 orders during the last quarter, from an active base of 205 vendors. -123Greetings Connect saw the total number of registered users at 1,732,253 as on March 31, 2011. - 123Greetings Invites saw 745 new events being created and 7972 invites being sent out in the quarter. - 123Greetings Studio grew to 15,461 registered artists through the quarter, recording a 11% growth from its previous quarter. - 123Greetings Facebook application saw 225,192 users sending 771,068 ecards to their friends and family. The app has a registered user base of 1,037,650  users as of March 31st, 2011.…

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