Onmobile Global reported total revenues of Rs 214 crore for the quarter ended March 31, a decline of 4.9% from Rs 225.1 crore from the same quarter last year and a drop of 5.6% from Rs 226.8 crore from the preceding quarter. Note the company has not mentioned its India revenues this quarter which had accounted for 23% of the Onmobile's topline in the preceding quarter. International business accounted for 76% of the total revenues or Rs 162.64 crore. Assuming this, India revenues the represent 24% of the total revenues or Rs 51.36 crore. On a consolidated basis, Onmobile reported a net loss of Rs 14.59 crore, as compared with loss of Rs 139.2 crore reported for the same quarter last year, and a profit of Rs 7.4 crore reported in Q3-FY15. International Business – International revenues, at Rs 162.64 crore, now account for 76% of Onmobile’s revenues. International revenues down by 7.5% q-o-q and grew by 13.6% y-o-y excluding Voxmobili business. Readers will note that OnMobile had sold Voxmobili to Synchronoss for $26 million in July last year, following an intellectual property violation case filed by Synchronoss, against Voxmobili, Onmobile Global and Onmobile USA LLC. – Europe recorded a revenue growth of 52.9% y-o-y to Rs 73.4 crore. Europe for Onmobile is larger than India, as is evident. – The company announced that it has launched a new Ringback Tone (RBT) application in Spain. The subscription-based application allows users to change the songs assigned to their contacts as often as they like. Latin America - Revenues went down by 9.0% for q-o-q and 8.9% for y-o-y to…
