Onmobile Global reported India revenues of Rs 51.5 crore, down 11% quarter on quarter, and 1.3% year on year. India is now 23% of Onmobile's topline (22.7% to be exact), while the rest of the (International) business now dominates, accounting for 77.2% of total revenue. During the quarter, a key 2 year contract with one of the major operators was won by the company in India, Onmobile said in a statement. On a consolidated basis, Onmobile reported a net profit of Rs 7.4 crore, as compared with loss of Rs 8.4 crore reported for the same quarter last year, and a loss of Rs 1.2 crore reported in Q1-FY15. This was helped by a 0.6% year on year and 9.3% quarter on quarter increase in revenues, which rose to Rs 226.8 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: International Business - International revenues, at Rs 175.3 crores, now account for 77% of Onmobile's revenues. "International revenue growth was 16.3% on a y-o-y basis, normalized for Voxmobili business", the company said in a statement. 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. - Europe recorded a revenue growth of 50.2% q-o-q and 39.6% y-o-y to Rs 79.6 crore. Europe for Onmobile is larger than India, as is evident. -…
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