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123Greetings Ships 14340 Orders In Q1-FY12; Rs 1.53 Cr Profit, Rs 10.88 Cr Income

For its first quarter of the 2011-2012 fiscal (Q1-FY12), ended June 30, 2011, Intrasoft Technologies, which owns and operates the e-greeting cards site 123greetings.com has reported a Consolidated Profit After Tax (PAT) of Rs 1.53 crore, up by 55.6% from Rs 0.98 crore for the same quarter last year. This is on an income (not including 'Other Income') of Rs 10.88 crore up by 40% from Rs 7.78 crore. 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). Operational Details The gifting business, 123Greetings Store, shipped a total of 14,340 orders during the quarter, averaging around 159 orders / day, from an active base of 47 vendors. According to the comScore, 123Greetings.com witnessed a growth of 24% as against a growth of 13% in the entire ecards category index…

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Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

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

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