Ahmedabad-based ecommerce major Infibeam has announced a strong growth in its Q2 FY18 financials. As per the recent BSE filing, the company posted a net profit of $3.3 Mn (INR 21.6 Cr) with a 117% year on year (Y-o-Y) increment for the period ending September 30, 2017.
Also, in Q2 FY18, Infibeam reported consolidated revenue of $30.8 Mn (INR 201.6 Cr), a 76% Y-o-Y rise on the earlier $17.55 Mn (INR 114.7 Cr) in Q2 FY17.
As claimed by the company, the strong net profit and revenue growth in Q2 FY18 has been due to its increasing focus on the fast-growing Infibeam Web Services (IWS) segment. “This segment has grown 92% YoY with 38% EBITDA margin. The revenue contribution from IWS Segment has increased to 61% in Q2FY18 from 29% in Q2 FY17.”
A Close Look At Infibeam’s Achievements And Q2 FY18 Performance
Infibeam is a cloud-based omni-channel ecommerce platform provider offering end-to-end ecommerce solutions to small and large merchants, enterprises and government.