Editor's note: We're a little late with this, but in the context of recent developments at OnMobile, we thought that it's important to give readers an overview of what was discussed on the company's earnings conference call, early in August. OnMobile Global had posted a net loss of Rs 12.1 crore for the quarter ended June 30, 2014, as compared to a profit of Rs 14.1 crore in the same quarter last year. Its India revenues also declined 28.1% year-on-year (YoY) to Rs 46.3 crore, after an encouraging 22.8% YoY increase in revenues in the previous quarter. Notes from OnMobile Global’s earnings conference call at the end of Q1-FY15: Strategic Direction OnMobile’s managing director and CEO Rajiv Pancholy, on his first conference call, outlined areas of focus for the company: - Focus on Europe: "First and foremost, we will seek growth in key markets where our performance has slowed in the recent past due to our inability to meet market expectations. Europe will be one of these territories where we will accelerate our engagements and expect to see healthy double-digit growth over the next one year". Note that the company has sold off its France based mobile data operations, Voxmobili to Synchronoss. - Cost reduction: "Secondly, we will be obsessed with our cost base and exercise tight management of all controllable cost. In concert with other initiatives, this is expected to bring OnMobile to historical levels of EBITDA performance by the end of this fiscal year." This explains the Layoffs at…
