IMImobile has reported India & South East Asia revenues of £8.5 million for the financial year ended March 31, 2014, registering a 21% decline from £10.8 million in the previous year. IMImobile mentions that the revenue dipped by 12% in terms of local currency and attributed this decline to the implementation of TRAI's VAS guidelines that impacted IMImobile's customers (primarily mobile operators) which led to a period of transition as the new third party consent gateways were implemented. The decline in revenues along with a significant depreciation of the Indian Rupee last year, led to the gross profit for the Indian market declining by 29% to £5.9 million for the year, from £8.3 million profit in the previous year. In terms of local currency, the gross profit dipped by 20% for the year. The region accounts for 20% of IMIMobile's overall revenues that was at £43.4 million for the year, down from 28.1% contribution in the previous year. New Contracts: IMImobile mentions that during the year, it secured additional managed service deals with a major Indian operator and a new operator in Myanmar. It also secured its first major government contract in India, to supply a regional state government having 65 million habitants with an m-Governance multi-channel platform that will enable citizens to access various government and third party services via IVR, USSD, SMS, Mobile internet and on-device apps. New product launches: IMImobile launched two new products during the year - a mobile & social audience engagement platform called DaVinci Social and a Twitter-based self care service TweetServe. DaVinci Social was deployed across BBC…
