Lower market place commission led to a contraction in gross margin: During the quarter, one of the key market place has extended its promotional offer to ITL, thereby effectively reducing the commission expenses. Consequently, the company passed on the saving arising from lower commission charges to the customers, in that way leading to lower sales value. There seems to be an impression of contraction in the gross margin, but that is not the case. Actually COGS went up, while sales & marketing expenses (SME; not part of gross margin calculation) declined. So on a net basis, COGS and SME as a percent of...