LYCOS (NSE: LYCOS I BSE: 532368), the global Internet brand, today announced its audited financial results for the year ended March 31st, 2017.
The company posted an annual revenue of Rs.2,451.32 crores and net profit of Rs.428.64 crores against the previous year revenue of Rs.2,255.90 crores and net profit of Rs.398.89 crores respectively. The digital segment revenues grew by 9.78% and overall revenue growth is 8.66% compared to last year.
The details of the results can be viewed at the company's website www.lycos.com in the Investors' section.
"The team delivered strong results yet again, powered by growth across programmatic, mobile and video advertising. The game plan now is to build our media properties and strengthen our reach in the high growth areas of advertising and targeting," said Suresh Reddy, Chairman and CEO of LYCOS.
Brightcom (Powered by LYCOS)
Mobile and Video
Conference Call Details:
LYCOS will host a conference call on Saturday, June 3rd, 2017, at 3.30 pm Indian Standard Time, to discuss the financial results. Call-in details will be available from the Investor Relations page of the company's website at: http://corp.lycos.com/investors/
LYCOS is one of the original and most widely known Internet brands in the world, evolving from pioneering search on the web, into a family of three business units covering digital media, marketing, and Internet of Things (IoT).
LYCOS Media is a network of easy-to-use community and social sites in 120 languages across 177 countries. 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.
'Brightcom powered by LYCOS', enables businesses, agencies, and online publishers worldwide in meeting their digital marketing needs, serving 40 billion impressions every month. Clients include leading blue chip advertisers like Airtel, British Airways, Coca-Cola, Hyundai Motors, ICICI Bank, ITC, ING, Lenovo, LIC, Maruti Suzuki, MTV, P&G, Qatar Airways, Samsung, Viacom, Sony, Star India, Vodafone, Titan, and Unilever. Publishers include Facebook, LinkedIn, MSN, Twitter, and Yahoo! LYCOS works with agencies like Havas Digital, JWT, Mediacom, Mindshare, Neo@Ogilvy, OgilvyOne, OMD, Satchi&Satchi, TBWA, and ZenithOptiMedia, to name a few.
LYCOS Life is the new consumer products division focused on IoT. 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 around 450 people working out of 24 offices worldwide, across the US, Israel, India, Western Europe, Australia and Latin America. For more information please visit www.lycos.com
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 behaviour 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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