LYCOS Reports Stellar Fiscal 2016
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Date: 30-05-2016 9:45AM Source: LYCOS Category: Business/ Finance, Advertising, PR & marketing, Business Services, Financial Analyst & Investors, Information Technology, Media & Entertainment, Technology, Telecommunications, General, Consumer interest, Internet, Financial Analyst & Investors, Media & Entertainment Location: Hyderabad, India
Business Wire India - Annual consolidated revenue at Rs. 2255 Crores
- Annual consolidated EBIDTA at Rs. 679 Crores and PAT of Rs. 405 Crores
- Digital segment revenues grew by 21.8% from last year.
LYCOS (NSE: LYCOS I BSE: 532368), the global Internet brand, today announced its audited financial results for the year ended March 31st, 2016. The company posted an annual revenue of Rs. 2255.89 crores and net profit of Rs. 405.05 crores against the previous year revenue of Rs. 1957.00 crores and net profit of Rs. 342.22 crores respectively. The digital segment revenues grew by 21.8% and overall revenue growth is 15.3% compared to last year. The details of the results can be viewed at the company’s website www.lycos.com in the Investors’ section. “Our strong revenue growth during the year reflects the vibrancy of our business, driven by video, mobile and programmatic advertising. Our team executed extremely well in the face of challenging macroeconomic headwinds. This was also a year of new beginnings, be it LYCOS LIFE, Brightcom or APLY. We are excited about the opportunities these bring to the franchise,” said Suresh Reddy, Chairman and CEO of LYCOS. “We delivered a solid year, with 15% top line growth and 22% growth in digital segment alone” said Ramesh Reddy, LYCOS’ Executive Director and group CFO. “We are happy to report that we were able to convince the board to recommend a token dividend of 5% to benefit the shareholders while balancing the outstanding commitments this year.” Business highlights: LYCOS Advertising Technology - Our technology platform Compass added a new VAST engine to sell video traffic to DSPs (Demand Side Platforms) via RTB (Ringback Tone Advertising).
- A header bidding solution to manage publishers’ auctions and pre-bid partner participation was developed.
- Enhancements were made to data management and optimization tools.
Media Buying (Publishers) - Started Microsoft Ad operations for the Latin American Pan Regional Market.
- Started operating inventory of Medula, a 100% publisher owned and operated, and one of the largest editorial houses in Latin America.
- Two products were introduced to the publishers - anti-ad blockers solution and search in-site engaging solutions.
Mobile - The team participated at the Mobile World Conference in Barcelona, which is one of the greatest shows in the mobile industry.
LYCOS Media - Partnered with Ezoic as part of the global Google relationship.
- Renewed the agreement with Yahoo for contextual advertising.
- Launched additional local ad feed with Dex Media.
LYCOS LIFE - The bands are now available on all leading online shopping portals – Amazon, Flipkart and Snapdeal.
- There has been a significant progress in the development of the marketing messaging for the brand ‘LIFE’ and the products.
- New products underway.
Apollo LYCOS NetCommerce (APLY) - Increased the team size by adding front-end sales and marketing resources.
- Participated in the India Logistics Expo at Mumbai as a VIP partner.
Corporate highlights: New Initiatives launched: - LYCOS LIFE was launched.
- Brightcom, Powered by LYCOS was launched.
- The Apollo LYCOS JV – Aply was launched.
Appointments: - Mr. Ramesh Reddy came in as Executive Director (Finance) and Group CFO.
- Dr. Jayalakshmi Kumari was appointed as an Independent Director.
- Ms. Gali Arnon was announced as the CEO of Brightcom Media.
Settlement Discussions: - Reached an agreement on final payment on LYCOS Inc., acquisition. Working out the legal and financial formalities to close.
Conference Call Details: LYCOS will host a conference call on Wednesday, June 01, 2016 at 4.00 pm IST (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/ About LYCOS 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. LYCOS Advertising 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 focussed 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 Disclaimer 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 behavior 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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NetApp Appoints Market Growth and Revenue Operations Leader, Dallas Olson to Chief Commercial Officer Role The Empire State Building Partners with Outward Bound on First-Ever, Full Rappel Down the Building for Charity Galderma Receives Filing Acceptances for Nemolizumab in Prurigo Nodularis and Atopic Dermatitis in Four Additional Countries How Ludo has found a new life in this digital era MilkLane: Revolutionizing Indian Dairy with Technology and Transparency American Brew Crafts Acquires Denzong Brewery in Odisha QVC Signs Multi-Year Contract Extensions with SES in Germany and the UK Miniature Circuit Breaker ‘Hidden Hero’ Enabling Energy Transition Built on 100-Year Safety Legacy Ant Digital Technologies Joins HKMA’s Project Ensemble, Included in Sandbox and Architecture Community Stronghold Enhances Payment Network with Strategic Acquisition of 20022 Labs Indian Pharmaceutical Alliance Calls for a Stronger U.S.-India Partnership for Affordable Medicine Power Integrations to Acquire the Assets of Odyssey Semiconductor New Market Research Finds Up to 20% of AI Initiatives Fail Without Intelligent Data Infrastructure Visa Announces Generative AI-Powered Fraud Solution to Combat Account Attacks Boomi Announces 2024 Partner Award Winners Blackstone Appoints Philip Sherrill as Global Head of Insurance Boomi and RSM US LLP Extend Strategic Business Alliance to Empower Middle Market Organizations with Seamless Integration Solutions Landmark Report Proves That High Nicotine Use Does Not Lead to High Rates of Health Issues Energy Vault Announces Successful Testing and Commissioning of First EVx 100 MWh Gravity Energy Storage System by China Tianying, Extension of Atlas Renewable Licensing Agreement to 15 Years Caseology by Spigen Unveils Pixel 8a Cases Featuring Unique Designs, Patterns, Grips in Various Colors R Systems Launches Groundbreaking Solution at Boomi World 2024 to Revolutionize Supply Chain Management LC-Plasma-based Vaccine Research Selected for SCARDA Project SLB OneSubsea and Subsea7 Awarded Integrated Contract for OKEA’s North Sea Bestla Project Mohammed bin Rashid Al Maktoum Global Water Award extends application deadline until end of May RevBits Sweeps the Cyber Defense Magazine Global InfoSec Awards Across Eight Categories During the 2024 RSA Conference AB InBev Reports First Quarter 2024 Results Fields and the Sun: Agricultural PV, an Opportunity for the Energy and the Farming Industry MultiBank Group Honored as Best Gold Broker of 2024 by FX Empire Tradu launches crypto exchange saving clients up to 95% on trading fees Rustomjee Group Expands Footprint in Bandra with Grand Launch of The Panorama at Pali Hill GLIA Integrated Healthcare Offers a Gentler, Non-Invasive Approach to Cancer Care Tecnotree Partners with People+AI to Drive Open Cloud Compute Infrastructure and AI Standardisation BeiGene Reports First Quarter 2024 Financial Results and Business Updates Cardano Foundation Names Giorgio Zinetti as Chief Technology Officer Eaton to supply innovative ELocker differential system to leading electrified vehicle manufacturer ADROSONIC Launches Quality Engineering Practice to Optimize ROI on IT Spend Aark Developers Announce US$ 1.2 Billion Project, SORA Beach Residences, at Al Marjan Island RunPod Raises $20M in Seed Funding Co-led by Intel Capital and Dell Technologies Capital Tigo Energy Delivers Most Powerful Solar MLPE for High-Wattage and Bifacial Modules APO Forges Strategic Initiatives and Global Partnerships to Advance Productivity Boomi Doubles Down on API Management with Key Acquisitions Study Suggests Critical Link Between Residual FLT3-ITD Mutations in Remission and Post-Transplant Outcomes in AML Boomi Unveils New Vision with Strategic Acquisitions and Latest Innovations at Boomi World 2024 Rimini Street Earns Four 2024 Top Rated Awards from TrustRadius in the Services Category Century Plyboards Expands Its Product Category with Century Cubicles The smarter E AWARD 2024: Finalists Present Pioneering Solutions for a Renewable 24/7 Energy Supply Asia Pacific Needs to Scale Low-Carbon Technologies Rapidly to Reduce Carbon Emissions: Black & Veatch Dairen Chemical Corporation Joins The LYCRA Company and Qore® in the Development of Renewable LYCRA® fiber EDX Markets Launches Singapore-Based EDXM Global Talkdesk Hires Simon Horrocks as Asia-Pacific Leader to Turbocharge the Company’s Regional Growth as Artificial Intelligence Innovator Takeda Announces FY2023 Full Year Results and FY2024 Outlook, Affirming Commitment to Late-Stage Pipeline Development and Core Operating Profit Margin Expansion Motorola Disrupts the Indian True Wireless Stereo (TWS) Category with the Launch of moto buds and moto buds+ in Collaboration with Bose, at an Effective Launch Offer Price of Just Rs. 3,999 and Rs. 7,999 Respectively ISB Launches I-Venture Immersive ivi Programme for Grassroot Entrepreneurs; No Degree, CAT, GMAT, GRE Needed Bloomberg Media and Emeritus Partner to Launch “Bloomberg Learning” Nordic and Sisvel to Streamline Cellular IoT SEP Licensing Energy Vault, ACEN Australia Announce Agreement for 400 MWh of Battery Energy Storage Deployments L&T Technology Services Celebrates Innovation and Talent at TECHgium 2024, India’s Largest Engineering Hackathon Boomi to Simplify and Accelerate the Move to SAP Datasphere Tecnotree Collaborates with People+AI to Drive Open Cloud Compute Infrastructure and AI Standardization AskmeOffers Launches AI-Powered Coupon System, Redefining Online Savings Viega Celebrates a Milestone: 125 Years of Global Excellence LeaseAccelerator and Uniqus Launch Strategic Alliance for Lease Lifecycle Management Wipro Appoints Vinay Firake as Chief Executive Officer for APMEA Strategic Market Unit Public Affairs Forum of India Announces New Office Bearers for 2024-25 Mother Like No Other WNS Files Fiscal 2024 Annual Report on Form 20-F IIFL Securities Appoints Nemkumar as Managing Director Honoring the Heartbeat of Every Home This Mother’s Day: Terribly Tiny Tales and Haier India Launch 'Mothership2.0’ Kolmar BNH, a Top-Tier Korean Enterprise Specializing in the Production of HemoHIM, Dedicates over 2% of its Annual Sales to R&D The Ministry of Investment of Saudi Arabia (MISA) Signs MoU with Ant International to Expand Business in Saudi Arabia, Supporting Regional Digital Innovation The AGC Group Obtains Its First Cradle to Cradle Certified® for Mirox MNGE Interior Glass Products in Asia Hai Robotics Deploys Goods-to-Person Solution in L'Oréal China's First SMART Fulfillment Center Fuelling India's Fitness Revolution, Myprotein Unveils Ambitious Plan to Support Indian Athletes and Aspiring Olympians Durex’s #ExplorersWanted Campaign Invites Couples to Discover New Horizons Together Jaisalmer Indian Craft Gin, an Epitome of Luxury, Leads the Luxury Indian Craft Gin Space with 50 Percent Market Share Commercial Bank of Dubai Names QualityKiosk as Exclusive Partner to Develop CBD’s Testing Centre of Excellence as Part of Its Technology Strategy Refresh Initiative MG Celebrates Its Centenary Year; Launches ‘100-Year Limited Edition’ in India WNS Recognized as a ‘Leader’ by NelsonHall for CX Services Transformation FPT Software and Forthcode Join Forces to Revolutionize Inflight Operations GRAMINEX®, L.L.C. Final Publication of a Peer Reviewed Clinical Trial with Graminex® Flower Pollen Extract Focusing on Women’s Urinary Incontinence in Current Urology. Sarla Aviation Raises Pre-Seed Investment from Campus Fund AC Immune and Takeda Sign Exclusive Option and License Agreement for Active Immunotherapy Targeting Amyloid Beta for Alzheimer’s Disease WHOOP Announces Global Partnership with Cristiano Ronaldo L&T Technology Services Named a Top 15 Sourcing Standout by ISG Cepton Announces Significant Engineering Contract with Koito The Indian Chest Society Unveils Special Booklet on Cough Management Alvaria Announces Expansion of Avaya Partnership to Include Alvaria CX Premier Enterprise-scale Omnichannel Compliant Outbound Engagement NielsenIQ launches GenAI-based tool NIQ Ask Arthur into NIQ Discover empowering users to unlock the power of data FPT Software Partners with Siemens to Provide Low-code Platform Mendix in Korean and Japanese Markets SEKO Logistics Promotes Paul Good to APAC President Falcon 2: UAE’s Technology Innovation Institute Releases New AI Model Series, Outperforming Meta’s New Llama 3 NTT DATA to Provide Digital Transformation Services for Salesforce Major Construction Company Deploys Boomi to Build Stable Data Core m.Stock Trading App by Mirae Asset Breaks into Top 16 Broker List in Just Two Years Merck Foundation Announces 83 Winners of Their 2023 Media Awards from 22 African Countries - in Partnership with Africa First Ladies Murata’s New LCT Redefines Power Supply Noise Suppression, Reducing Component Count and Costs Optiscan Signs Know-How Agreement with Mayo Clinic Vadilal Unveils New Quirkiest Summer Campaign Where Joy, Flavor, and ‘WAAH’ Moments Unite P&G unveils plans to prominently feature superior performing brands during the Olympic and Paralympic Games Paris 2024 EIG’s MidOcean Energy Appoints Armand Lumens as CFO NetApp and Lenovo Offer Converged Infrastructure Solution Optimized for GenAI NetApp Unveils Unified Data Storage Built for the AI Era Takeda to Present Oncology Portfolio and Pipeline Data at the 2024 ASCO Annual Meeting Sharekhan Triumphs Again with Top Industry Recognitions in 2024 Actions Technology’s Smart Watch SoC Adopted VeriSilicon’s 2.5D GPU IP Online Trading Broker Taurex Launches New App That Makes Trading Simple for Everyone Xsolla Releases Quarterly Insights Report on the Future of Gaming and Game Development: a Preliminary Analysis of Spring 2024 Metrics and Upcoming Trends Pink Lipsticks and Green Thumbs: Mary Kay Inc. Celebrates 60 Years of Sustainable Beauty With Special Tree Planting Event in Lewisville Vibhu Agarwal Announces India's First Mythology OTT Platform 'Hari Om' LambdaTest Partners with BugHerd to Optimize Web Testing and Bug Tracking VFS Global Maintains Sharp Focus on Sustainability Agenda, Records New Milestones in 2023 Allianz Increases Operating Profit by 6.8% to 4.0 Billion Euros Mangaluru-Based Mukka Proteins Net Profit Stood at Rs 29.15 Crores for the Quarter Ended March 31, 2024 Ashhwika Foundation's Successful Wholesome Wellness Event and Raguel Harmony Community Launch HDFC Life Declares Rs. 3,722 Cr. Bonus for Policyholders Motorola’s Newly Launched moto buds+ and moto buds Launched in Collaboration with Bose Go on Sale at an Effective Price of 7,999* and 3,999* on Flipkart and motorola.in MRM Health to Present Positive Clinical Data from MH002 in Ulcerative Colitis at Digestive Disease Week (DDW) Every CLiQ is more rewarding at The Big CLiQ Sale on Tata CLiQ, Tata CLiQ Luxury, and Tata CLiQ Palette HEINEKEN Teams Up With Blue Yonder To Improve Demand Planning Gradiant Launches ForeverGone, the Industry’s Only Complete PFAS Removal and Destruction Solution ISB Executive Education & Emeritus Introduce High-Impact Certificate Programme to Enhance Proficiency in IT Project Management, Addressing Industry Skill Gap FinalSpark Launches the First Remote Research Platform Using Human Neurons for Biocomputing Cognite Data Fusion® Now Available on Google Cloud in Saudi Arabia FPT Software Renews HITRUST r2 Certification, Upholding The Highest Standards Of Security And Compliance Diligent Announces Enterprise Risk Management Dashboard Powered by Moody’s Proprietary Data, Providing a Comprehensive View of External Risk Kinaxis Selected by Harley-Davidson as Supply Chain Management Platform Solution Pacific Healthcare Group Selects Rimini Street to Extend the Life and Value of its Highly Customized, On-Premises Oracle Environment Worldcoin Foundation Launches, Open Sources "Perfect Secrecy" SMPC System to Help Organizations Strengthen Biometric Data Security Protections Motorola Launches edge 50 Fusion - Disrupts the Sub 25K Indian Smartphone Market with Segment’s Best 50MP Camera with Sony’s Powerful LYTIA™ 700C Sensor, 144Hz Curved Display and IP68 Underwater Protection at an Effective Price Starting at Just Rs 20,999* EM-Power Europe: Flexible Consumers Take the Burden Off the Grid ACT Abu Dhabi Is Now Open for Business Andersen Global Launches Member Firm in Belgium Fluor Opens Second Office in India to Increase Execution Capacity New Research Shows AI Vision to Action Gap GENESIS-II Study Reveals Promising 30-Day Results for the Hydra Self-Expanding Transcatheter Aortic Valve CRN Recognizes Noel Loughrin, Katherine Hou, and Kristen Petruzzelli of Laserfiche on the 2024 Women of the Channel List Visa Reinvents the Card, Unveils New Products for Digital Age LALIGA Concludes Extra Time Webinar Series: Discussing Sports Culture Development in India New Award Programme From Oral-B and the International Association for Disability and Oral Health (iADH) Champions Disability Positive Dental Practices Across Europe Hytera Wins ICCAs Award 2024 with MCS Solution FPT Entered Asia's Top 50 IT Services Companies Practo Foundation Completes 2000 Free Cataract Surgeries, Sets Sight on 10,000 Eaton Introduces 48-Volt DC/DC Converter Designed for Harsh Environments Kinaxis Announces Flo Rida as Music Headliner for Kinexions 2024 Brightcove Named a Leader in ‘The Aragon Research Globe for Enterprise Video, 2024’ Report for the Third Consecutive Year Introducing GMI Cloud: New On-Demand Instances Accelerate Access to NVIDIA GPUs BYD Launches Its First Pickup Truck BYD SHARK in Mexico Samco Mutual Fund Introduces Samco Special Opportunities Fund: Leveraging Disruption for Potential Growth Bollywood Sensation Kartik Aaryan, Appears in a New Out-of-This-World Avatar for Sony Sports Network’s UEFA EURO 2024 Campaign Film CMR Study: BOULT Emerges as India's No. 1 Rated Audio Brand FPT Software Named A Representative Vendor In the 2024 Gartner® Market Guide For Public Cloud Managed And Professional Services, Asia/Pacific Experience the Essence of Old and New Japan as Renowned Bartender Shingo Gokan Collaborates with Toki Suntory Whisky and The Leela Palace in Delhi and Bengaluru Zoomcar Plans to Add 20,000 Additional Cars by 2025 Merck Foundation CEO and Africa First Ladies Release Storybook and Animation Film “Mark’s Pressure” to Mark “World Hypertension Day” 2024 Transforming Real Estate: India’s Leading Proptech Program Successfully Concludes Cohort II with Speed Scaling 5 Incredible Startups Skoda Auto India Implements New Corporate Identity as Part of Its New Era Chili's American Grill®? Makes a Grand Entry into the City of Ahmedabad Pat Cummins, the Brand Ambassador of Carrera & Captain of Sunrisers Hyderabad Launched a New Summer Collection Zydus Reports 97% Growth in Net Profit in FY24 Wipro Appoints Sanjeev Jain as Chief Operating Officer
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