Lycos net up by 13 pc during Q2

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SME Times News Bureau | 15 Dec, 2016
Global Internet brand Lycos has registered nearly 13 percent 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 percent over previous quarter and 0.99 percent over the corresponding period last fiscal year.

The consolidated revenue during the quarter was Rs 588.52 crore, a jump of 10.66 percent over previous quarter and 4.15 percent year-on-year.

According to a company statement, EBIDTA for Q2 was Rs 180.70 crore, an increase of 12.33 percent Q-o-Q and a decrease of 1.11 percent Y-o-Y.

Revenue from Digital marketing segment during the quarter was Rs 473.19 crore, up by 11.91 percent over the previous quarter. Revenue from software development segment also increased by 5.82 percent 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.