Friday, November 28, 2014

Cybermedia posts profit in Q2

News this week: Indian media group, Cybermedia, posted a net profit for the quarter ended 30th September. Net profit in the second quarter of their financial year was a modest US$37,000. This is a considerable improvement over the loss of US$180,000 recorded in the same quarter in 2013.

Overall revenues were US$2.64 million – up 14% over the same quarter in 2013. Cybermedia’s Media Services Business grew by 38% and accounted for nearly 67% of total revenues. Cybermedia’s key businesses in this segment include: Cybermedia Research (IT & telecom research), TDA Group (content marketing agency) and Content Matrix (custom media solutions).

Cybermedia’s traditional media businesses recorded a 29% drop in revenues in the quarter compared with the same quarter last year. The group maintains 12 print properties and 30 online properties. Key properties include: PCQuestDQIndia, DQChannelsCIOL, GlobalServices and CyberAstro.

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

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