Business Wire IndiaLYCOS (NSE & BSE: ‘LYCOS’ or the company), one of the most widely known Internet brands in the world and one of the first search engines on the web, today announced its unaudited financial results for the quarter ended 30th June, 2015.
The Highlights:
Revenue for Q1 FY2015-16 was Rs.498.64 Crores, an increase of 12.08% Q-o-Q and 9.29% Y-o-Y. EBIDTA for Q1 FY2015-16 was Rs.154.15 Crores, an increase of 5.8% Q- o-Q and 13.17% Y-o-Y. PAT for Q1 FY2015-16 was Rs.90.69 Crores, an increase of 17.27% Q-o-Q and 8.56% Y-o-Y.
Revenue from Digital Marketing Segment for Q1 FY2015-16 was Rs.388.71 Crores, an increase of 23.33% Q-o-Q and an increase of 13.95% Y-o-Y. PBT from Digital Marketing Segment for Q1 FY2015-16 was Rs. 145.7 Crores, a decrease of 1.47% Q-o-Q and an increase of 21.6% Y-o-Y.
“We had a great quarter, and trending towards expected growth numbers for the financial year. With the launch of LYCOS Life division, our entry into IOT space opens new avenues.” said Suresh Reddy, Chairman of LYCOS.
Business highlights:
LYCOS Advertising
Technology
About LYCOS:
LYCOS is one of the original and most widely known Internet brands in the world, evolving from one of the first search engines on the web, into a comprehensive digital media destination for consumers across the world.
LYCOS has been a pioneer in intelligent spidering search technology, combining its proprietary technology with other best-in-class services to provide a simple yet a powerful internet experience to its users and clients.
Times change, and LYCOS has changed with them, evolving into a digital media powerhouse with three major divisions.
LYCOS Media, is a network of easy-to-use community and social sites. LYCOS’ award-winning products and services include tools for blogging, web publishing and hosting, online games, e-mail, and search. The LYCOS Network of sites and services include Lycos.com, Tripod, Angelfire, HotBot, Gamesville, WhoWhere, and LYCOS Mail. Integrated, these sites help in bringing people together to interact, conduct commerce, have fun, and experience the best the Internet has to offer, is in our DNA. We offer 40 Local Sites in 120 Languages with a community spanning across 177 Countries.
LYCOS Advertising, services businesses, agencies, and online publishers worldwide in meeting their Digital marketing needs. Our clients include leading blue chip advertisers including MTV, Samsung, Viacom, Maruti Suzuki, Airtel, Sony, Coco Cola, Star India, Vodafone, Samsung Electronics, Lenovo, ING, British Airways, Qatar Airways, Titan, Unilever, P&G, Hyundai Motors, ICICI Bank, LIC, and ITC. We partner with top global publishers such as Facebook, Twitter, LinkedIn, MSN and Yahoo! besides proprietary media such as LYCOS, Gamesville, getMedia in Latin America and several travel websites in Australia. We serve between 35 to 40 billion impressions every month across the Web.
LYCOS Life, is the new consumer products division. LYCOS Life is dedicated to the future of communication and information management in which everyday objects will be connected to the internet, also known as the ‘Internet of Things’ (IoT).
LYCOS employs over 500 people working out of 24 offices worldwide, including the US, Argentina, Brazil, Chile, Uruguay, Mexico, the UK, France, Germany, Italy, Ukraine, Sweden, Serbia, Israel, China, Thailand, Panama, India, Emirates, Russia and Australia, and with representatives or partners in Spain, South Africa, and The Netherlands.
www.lycos.com
Disclaimer
This press release contains “forward-looking statements” – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “should” or “will.” Forward–looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behavior of financial and digital marketing industry, and fluctuations in exchange rates; from future integration of businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different from those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.
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