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Q409: CyberMedia Net Loss Doubles; Media Services Contribution Rises; Annual Results

Cybermedia India's consolidated net loss doubled in Q4 09 to Rs. 42.01 million compared to last quarter. Operating income dropped by 23% to Rs. 226.67 million during the quarter. Earnings per share have also fallen to a negative Rs. 6.1 (-6.01) from FY08's Rs. 5.44. EBITDA margins declined from 12.8% to -0.8%, with the company reporting negative EBITDA earnings for the fiscal at Rs. -9.2 million, down from Rs. 140 million last fiscal. Cybermedia, after its massive consolidation effort last quarter, now has just two business segments - Media and Media Services. Media Business As had been announced earlier, Cybermedia has moved its "Global Services" magazine entirely online. Voice & Data Connect, targeted at channel partners in the telecom industry, has also been merged into Voice & Data, to improve profitability. CyberMedia also recently launched a TV show on e-governance called ekranti. Remember that CIOL, the company's online tech business, was merged into Cybermedia. No specifics have been mentioned for the online business. Media Services Business Cybermedia has tried to focus on its media services outsourcing, and given the global recession, has tried to reduce its dependence on Print advertising. As a consequence, Media Services business now accounts for 48% of the total turnover, up from a 34% share for the previous fiscal. However, the profitability of the media services business was adversely impacted by the US recession, and the company reported losses before tax of $1.8 million for its US operations. The company says that the impact of cost-cutting…

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