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Onmobile Global Q3-FY15 concall: Headcount down to 1180, Reworking Content Costs

Onmobile reported a profit of Rs 7.2 crore, as it continued to cut costs, bringing employee cost down to Rs 62.5 crore, and cutting additional perks and on-site expenses. On the conference call, company execs said that "manpower cost has been further decreased by 15%, as a result of the rationalization. Our headcount number has further reduced to 1180 (at the end of last quarter, it was 1217). " The cut has across all functions and the company said that it has "been aligning all the processes across global operations. There's been rationalization of travel, and facilities costs at locations. All contracts have been revised, revisited and reduced. We expected the savings to flow over both the quarters (Q3 and Q4), and operating expenses will stabilize at this level." "EBITDA has grown by 67% over Q2. We've gotten an EBITDA margin of 25%." The company now doesn't see a substantial trigger for a change in its cost base, but as it rolls out a new product, which CEO Rajiv Pancholy described as "Huge", but declined to talk about what exactly it is, the company says that capital expenditure (CapEx) will increase, gradually. "This will be a limited scale entry." Notes from the concall (somewhat paraphrased): Content costs and RBT "We have continued to grow our business on a daily monthly and quarterly basis. We've added to the customer base. Fairly recently, we crossed a threshold of 16 million paying RBT subscribers, and one quarter ahead of our own internal schedule.…

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Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

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