India revenues for Onmobile Global grew to Rs 57.6 crore, up 13.8% year on year and 24.3% quarter on quarter, as the company reduced costs. It won an exclusive deal for caller ringback tones with Tata Teleservices, and says it renewed contract for SMS, WAP and USSD services "with a leading operator". On a consolidated basis, Onmobile reported a net loss of Rs 1.21 crore, as compared with a profit of Rs 1.5 crore reported for the same quarter last year, and down from Rs 23.9 crore reported in Q1-FY15. This was helped by a marginal quarter on quarter increase in revenues, which rose to Rs 207.5 crores. Since Onmobile had once said that Mobile VAS cannot be viewed from a Quarter on Quarter point of view, the following chart should give you an indication of its performance over the trailing four quarters: Data declined as a percentage of revenue due to Voxmobili sale International Business International revenues, at Rs 149.9 crores, now account for 72% of Onmobile's revenues. International revenues were flat, when normalising for the sale of VoxMobili, the company said. MediaNama readers might recall that OnMobile had sold Voxmobili to Synchronoss for $26 million in July this year, following an intellectual property violation case filed by Synchronoss, against Voxmobili, Onmobile Global and Onmobile USA LLC. The company said that Voxmobili revenue was mainly derived from the developed markets and hence Q2-FY15 numbers are not comparable with the historical quarters. Adjusted for the sale of Voxmobili, revenues increased…
Please subscribe to MediaNama. Don't share prints and PDFs.
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...