wordpress blog stats
Connect with us

Hi, what are you looking for?

OnMobile Posts Net Profit of Rs 204.2 M; Content Costs Up 18.5%; 6 Apps On Developer Network

Note: We're on the OnMobile Conference Call for the next hour. If you have any questions, please mail us at nikhil@medianama.com Mobile value added services company OnMobile has registered a 17 percent rise in net profit in Q3 of 2009 to Rs 204.2 million on a QoQ basis. Standalone revenues rose by 12 percent from Rs 793.5 million in the previous quarter to Rs 888.2 million. Expenditure rose from Rs 601.6 million to Rs 651.4 million. On a consolidated basis, OnMobile posted a 50 percent growth in net profit at Rs 276.4 million in the third quarter. Total revenue rose by 19 percent to Rs 1157.2 million over the last quarter. Consolidated EBITDA stood at Rs 405.3 million. Content costs continue to rise for OnMobile, up by 18.51% quarter on quarter, and 138% year on year. Interestingly, on the earnings conference call, OnMobile confirmed a story that we had reported in July 2008 - that they have done a content deal with SIMCA, among others. This explains the rise in the content costs.  OnMobile has won the order to provide VAS services to another GSM operator in India, has started deployment of the first RBT customer in Europe, signed a contract with an operator in Bangladesh for IVR, OBD and Subscription services, a contract with an operator in Bangladesh for Phone backup services and IVR services with another Operator in Indonesia.   The company has also launched voice based Music Search with Airtel, using Telisma's Speech Recognition. Remember that OnMobile had paid Rs. 843.7…

Please subscribe/login to read the full story.
Written By

http://www.linkedin.com/in/preethij

Free Reads

News

Third-party cookies are small pieces of data that are collected by websites to track user activity. These are particularly lucrative to websites, as this...

Kotak Mahindra Bank Kotak Mahindra Bank

News

RBI noted that without a robust IT infrastructure and IT risk management framework, the bank’s Core Banking System (CBS) and its online and digital...

News

As opposed to Large Language Models, Small Language Models are best suited to perform simple tasks and can also be easily fine-tuned to meet...

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ