wordpress blog stats
Connect with us

Hi, what are you looking for?

, ,

Lycos net profit dips 5.1% to Rs 407cr; changes company name to Brightcom

Hyderabad-based Internet company Lycos has reported digital marketing revenues of Rs 1967.7 crore for the financial year ended March 31, 2018 (FY 2018). This represented a marginal dip of 1.5% from Rs 1997 crore in FY 2017.

  • The segment reported a profit before tax of Rs 596 crore in FY 2018, a dip of 4.5% on a year-on-year basis as compared to Rs 623.5 crore in FY 2017.
  • Digital marketing contributed 81.3% to Lycos’ consolidated operational revenue.

The company reported consolidated revenue of Rs 2420.2 at the end of FY18, a decrease of 1.3% from Rs 2452 crore last fiscal year. It posted a net profit of Rs 407 crore, representing a decline of 5.1% from Rs 429 crore in FY 2017.

Software development revenue: Revenue from the software development business (consolidated basis) marginally fell with the segment reporting revenue of Rs 453 crore in FY 2018, from Rs 454.3 crore last year.

The company did not share consolidated quarterly performance.

Lycos to Brightcom Group

The company recently announced that Lycos Internet Limited has changed its name to Brightcom Group Limited.

The name change comes on the back of the dispute on Lycos acquisition South Korean seller Daum Global Holdings Corp. The company informed that the district court of New York granted Daum’s motion to appoint a receiver. The company had acquired Lycos Inc. (the subsidiary) from Daum in year 2010. This order gives 56% shares of the subsidiary back to Daum, making it the full owner. The revenue contribution from the subsidiary to the company was 4.6% in the last financial year. The profit contribution was 1.2%, and the net worth contribution was 5.6%.

Advertisement. Scroll to continue reading.

Download: Financials

Written By

Writes about e-commerce, social media, tech and Internet ecosystem.

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



Due to the scale of regulatory and technical challenges, transparency reporting under the IT Rules has gotten off to a rocky start.


Here are possible reasons why Indians are not generating significant IAP revenues despite our download share crossing 30%.


This article addresses the legal and practical ambiguities in understanding the complex crypto ecosystem in India.


It is widely argued that the PDP Bill report seeks to discard the intermediary status of social media platforms but that may not be...


Looking at the definition of health data, it is difficult to verify whether health IDs are covered by the Bill.

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...


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...


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
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