wordpress blog stats
Connect with us

Hi, what are you looking for?

Lycos digital marketing revenue up 9% to Rs 1996Cr in FY17

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.

Quarterly Financials

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.

Advertisement. Scroll to continue reading.

Download: Financials 

Written By

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

Views

News

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...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

News

Existing consumer protection regulations are not sufficient to cover the extent of protection that a crypto-investor would require.

News

The Delhi High Court should quash the government's order to block Tanul Thakur's website in light of the Shreya Singhal verdict by the Supreme...

News

Releasing the policy is akin to putting the proverbial 'cart before the horse'.

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

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...

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...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ