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OnMobile Reports Rs 17.8 Cr Profit On 168.63 Cr Revenues; Products?

OnMobile Global reported consolidated profits of Rs 17.8 crore for the quarter ended 31st December 2011, on revenues of 168.83 crore. Revenues were up year on year from Rs 148.61 crore, and Rs 155.22 sequentially, while Telecom VAS revenues were up 28.36% year on year, to Rs 159.24 crore, from Rs 129.42 crore the previous fiscal. International revenues, the company said, contributed 48% of its topline, against 42% in the previous quarter, and in the month of December, around 50% of its revenues came from international markets. Content costs for OnMobile increased sequentially by 5.12%, but declined year on year by 20.82%. What is telling is that, on a rolling four quarter basis, OnMobile has reported a 9% decline in domestic revenue (Net), down to Rs 360.2 crore over the last four quarters, compared with Rs 393.9 crore the four quarters before that. International revenue, during the same period, increased to Rs 233.5 crore from Rs 133.1 crore, pushing net revenue up to Rs 593.8 crore, from Rs 527 crore. OnMobile expects international to be more than 50% in Q4. According to revenue distribution figures shared by the company, till date this year, around 59% of revenues have been from India, down from 74% for the same time-span the year before. The company launched operations in three more countries in Latin America, extending its reach to 11 countries, and "Telefonica LatAm project has recorded its first positive quarter on an operating basis. The project had turned cash-flow positive in the…

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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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