Friday, August 22, 2014

CyberMedia’s financials continue to decline

News this week: Indian specialty publisher, CyberMedia, has announced results for the quarter ended 30th June 2014. Revenues in the quarter were US$2.1 million, a year-on-year decrease of 20%. In the same period, the company recorded a net loss of US$90,000, compared with a net profit of US$129,000 in the same quarter last year. Dilute earnings per share in the period were US$0.027.

CyberMedia’s media services business (comprising IT & telecom research and a content marketing agency) generated US$1.4 million or 64% of total revenues in the quarter – a decrease of 5.6% compared with the same period in 2013. The remaining revenues were generated by Cybermedia’s media business segment (i.e. its publishing business), amounting to US$766,000 – down 37% compared with the previous year.

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