Digital marketing solutions company Ybrant Digital which recently rebranded as Lycos Internet, has reported digital marketing revenues of Rs 344.53 crore for the quarter ended September 30, 2014, registering a 22.2% growth from Rs 281.87 crore in the same quarter last year and a minor 1% growth quarter-on-quarter (QoQ). The profit before tax from the segment also more than doubled to Rs 130.87 crore for the quarter, from Rs 62.92 crore profit in the same quarter last year and up 9.2% QoQ. Digital marketing revenues still dominates Ybrant's revenues, with the segment accounting for 74.9% of the company’s consolidated revenues, which was at Rs 460.19 crore for the quarter. This is marginally up from 73.1% in the same quarter last year and nearly same as 74.8% in the previous quarter. Software development revenues continues to slide Revenues from the software development business continues to slide, with the segment reporting revenues of Rs 115.66 crore for the quarter, down 4.2% from Rs 120.73 crore in the corresponding quarter last year but nearly flat from Rs 115.14 crore in the previous quarter. The segment also posted a loss before tax of Rs 0.09 crore for the quarter, as compared to a profit of Rs 16.46 crore in the same quarter last year and Rs 8.64 crore profit in the previous quarter. As a result, the contribution of software development to Lycos’ revenues dropped to 25.13% for the quarter, from 30% in the same quarter last year and from 25.2% in the previous quarter. Ybrant Digital rebranding: Last month, Ybrant Digital had informed that it intended to consolidate all its…
- Why did the Delhi High Court restrict use of Amitabh Bachchan’s image and voice? November 25, 2022
- Why did an Indian exchange, CoinDCX, publish its Proof of Reserves days after releasing its R2L ratio? November 25, 2022
- DPDP Bill, 2022 Has Received Good Response From Stakeholders: MeitY’s Ashwini Vaishnaw November 25, 2022
- Twitter Blocks Tweet of CJ Werleman’s YouTube Show Discussing Police Violence Against Indian Muslims November 25, 2022
- Unique Identification Authority of India (UIDAI) says verify Aadhaar as ID proof using QR November 25, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
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...
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...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
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...