New Delhi, 22nd July: Last week, CyberMedia, an Indian specialty publisher, announced results of the quarter ended 30th June 2009. CyberMedia’s revenues were US$4.5 million, a decrease of 33% compared with the same quarter last year. The company recorded a net loss of US$375,000 million in the quarter compared with a net profit of US$70,000 last year.

CyberMedia’s media services business generated US$2.4 million or 52% of total revenues in the first quarter. That is a decrease of 31% over last year. The company’s media business dropped 35% to US$2.2 million in the same period.   Sources: CyberMedia financial results, CyberMedia press release  –  Courtesy BSG Hong Kong

BIIA Newsletter September 2009 Issue