Hyderabad-based Internet firm Lycos Digital (formerly Ybrant Digital) has reported digital marketing revenues of Rs 1996.92 crore for the financial year ended 2017 (FY17). This represented a rise of 8.9% when compared to FY16 when it made Rs 1818.98 crore. The company offers services around digital marketing, software (email, search, hosting, online games, etc) and IoT; it has operations in 24 countries across the US, Israel, Europe, among others.
On a consolidated basis, the company’s digital marketing segment posted a profit before tax of 623.58 crore in FY17, which is up marginally from Rs 6051.19 crore profits that it made in the previous financial year (FY16). Overall, digital marketing revenues contributed 81.4% of Lycos’ overall consolidated income from operations in FY17. The company reported consolidated income of Rs 2451.31 crore for FY17, an increase of 8.6% when compared to FY16 when it made Rs 2255.8 crore. Total profit before tax for FY17 was at Rs 428.64 crore, compared to Rs 398.89 crore profits in the previous year (FY16)
Software development revenue: Revenue from the company’s software development business (consolidated basis) increased marginally by 4%, with the segment reporting revenue of Rs 454.3 crore in FY17, compared to Rs 436.9 crore revenues in the previous financial year (FY16). Software development business also reported profit before tax of 10.67 crore.
For the quarter ended March 31st 2017 (Q4FY17) Lycos posted:
-Total income from operations of Rs 117.91 crore, a marginal increase from Rs 117.8 crore revenues in the previous quarter.
-Net Loss of Rs 22.74 lakh, which widened from Rs 10.88 lakh loss in the previous quarter. In the same quarter last year, losses stood at Rs 37.27 lakh.