Cybermedia shows strong growth

I have liked what I see at Pradeep Gupta's Cybermedia for some time. The newly-listed IT publisher is one of the most credible and professional B2B media outfits in India. It has just reported strong Q2 performance with half year revenues up 38% at Rs238 million (US$5.3 million). Net profit was up even more strongly at Rs25 million (US$558,000), up 61%.

These B2B businesses in India are still small by international standards but, at these rates of growth, that won't be the case for long.

Thanks to Cybermedia as well for presenting its figures in (for we westerners at least) simple "millions". The mental gymnastics required to convert lakhs and crores into our more conventional measures is a challenge which is obviously now reserved for the local journalists producing articles like this who have to convert it back the other way!

Update: more Cybermedia news regarding a proposed internal restructuring in this post at ContentSutra.