News this week: Last week, Indian specialty publisher, CyberMedia, announced its financial results for the
year ended 31st March 2014. Revenues were US$10 million, a drop of
16% from the previous year. The company recorded a loss of US$201,000, compared
with a loss of US$295,000 in 2013.
CyberMedia’s media
services business (comprising IT & telecom research and a content
marketing agency) generated
revenues of US$5.4 million, while the publishing business generated US$5.2 million. The media services business grew
5.5% over 2013; however, the publishing business contracted 26% year-on-year.
For the quarter
ended 31st March, CyberMedia’s revenues were US$2.5 million, a
year-on-year 2.1% decrease compared with the same period in
2013. The loss in the period was US$256,000, compared to a loss of US$512,000
in the same quarter of last year.
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