Ybrant Digital has reported digital marketing revenues of Rs 219.6 crore for the quarter ending September 30, 2012, up 18.4% from Rs 185.5 crore in the previous quarter and up 51.2% from Rs 145.2 crore in the same quarter last year. Net profit for the segment stood at Rs 54.34 crore for the quarter, up 26.87% from Rs 42.83 crore in the previous quarter and up 43.3% from Rs 37.91 crore in the same quarter last year. The company also has a software development business which reported total revenues of Rs 205.33 crore for the quarter, up 5.4% from Rs 194.81 crore in the previous quarter and up 25.9% from Rs 163.07 crore in the same quarter last year. Overall, Ybrant Digital reported revenues of Rs 424.96 crore for the quarter, up 11.75% from Rs 380.29 crore in the previous quarter and up 37.86% from Rs 308.26 crore in the same quarter last year. Note that these revenues include the revenues from Ybrant Digital and its subsidiaries. Previous Developments: In May 2012, Ybrant Digital had entered into an agreement to acquire PriceGrabber, LowerMyBills, and ClassesUSA.com from Experian for $175 million. As per the terms of the deal, Ybrant Digital was paying Experian $100 million in cash and the rest $75 million in a “loan note”. The acquisition was expected to close within the first half of the ongoing fiscal year, however the company noted in September 2012 that the proposed deal could not completed within the committed timeline and it is currently working on the…
