wordpress blog stats
Connect with us

Hi, what are you looking for?

Q1-09 Results: Bharatstudent.com Parent Reports Rs. 22.43 Crores Profit; Globe7 – Baidu; VoIP Over WiFi In HK

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…

Please subscribe/login to read the full story.
Written By

Free Reads

News

"Without Google’s abuse of its dominant position, the media companies would have received significantly higher revenues from advertising and paid lower fees for ad...

News

Speaking to Medianama, founders of the concerned companies alleged Google was the one not in compliance with the Indian competition regulator's antitrust order.

News

According to reports, farmers have also informed that their phones are being put on surveillance, and that they are being notified by the police...

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

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...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ