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Lycos net up by 13% during Q2
Global Internet brand Lycos has registered nearly 13 per cent growth in its net profit during the second quarter ended September 30.
Hyderabad: Global Internet brand Lycos has registered nearly 13 per cent growth in its net profit during the second quarter ended September 30.
Profit After Tax was Rs 106.20 crore, an increase of 12.58 per cent over previous quarter and 0.99 per cent over the corresponding period last fiscal year.
The consolidated revenue during the quarter was Rs 588.52 crore, a jump of 10.66 per cent over previous quarter and 4.15 per cent year-on-year.
According to a company statement, EBIDTA for Q2 was Rs 180.70 crore, an increase of 12.33 per cent Q-o-Q and a decrease of 1.11 per cent Y-o-Y.
Revenue from Digital marketing segment during the quarter was Rs 473.19 crore, up by 11.91 per cent over the previous quarter. Revenue from software development segment also increased by 5.82 per cent over Q1 at Rs 115.32 crore.
"Our products, Brightcom and Lycos Life have been recognised as best in class. Lycos Media is witnessing traffic surge. Our teams have delivered yet again," said Suresh Reddy, Chairman and CEO of Lycos.
