Digital marketing solutions company Ybrant Digital, which was rebranded as Lycos Internet last year, has reported digital marketing revenues of Rs 388.7 crore for the quarter ended June 30, 2015, registering an increase of 23.33% from Rs 315.18 crore last quarter, and an increase of 13.95% percent year-on-year (YoY) from 341.12 crore the same quarter last year. However, the profit before tax for the segment stood at Rs 145.69 crores, a decrease of 1.47% from Rs 147.87 crores last quarter, and a 21.6% increase from Rs 119.81 crore YoY. Overall, the consolidated revenues of the company for Q1-FY16 stood at Rs 498.63 crore, an increase of 12.08% from Rs 444.88 crore the last quarter and an increase of 9.29% YoY from Rs 456.26 crore. Software development revenues: Revenues from the software development business decreased, with the segment reporting revenues of Rs 109.92 crore for the quarter, down 15.24% from Rs 129.69 crore in the last quarter and a decrease of 4.52% from Rs 115.13 crore the corresponding quarter last year. Patent Sale: In May, Lycos Internet put up for sale a number of patents it held across segments like search engine technology, online advertising and online gaming among others. Intellectual Property consultation initiative Propeller(y) would help Lycos Internet make the IP portfolio available to the industry for acquisition or licensing. Lycos had mentioned then that the decision to focus on its IP portfolio was not an attempt to gain entitlement for IP external innovation, but essentially to create a more collaborative…
Please subscribe to MediaNama. Don't share prints and PDFs.
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...