Update: In response to our queries, OnMobile has shared the following additional information on their performance: - International revenues was 56% of the total revenue for Q1. - Indian market declining: In India, we see a slowdown due to changes in TRAI and operators' policies, lack of sufficient new product launches and lack of an open ecosystem. We are continuing to see a good traction for our products in Latin America and Africa has been a high growth market for us. - Product deployments: We are continuing our focus on deploying RBT and voice services in the emerging markets. We are targeting OnCloud solutions for the European and North American markets. - Latin America operations: OnMobile RBT services have been launched in 14 countries of Latin America, generating over $10mn topline revenue per month to Telefonica in LATAM. Uruguay was the last one to go live in May. August 1st: OnMobile Global reported consolidated profits of Rs 9.52 crore for the quarter ended 30th June 2012 (Q1-FY13), down 25.5% year on year and almost double the profit last quarter. There was some cheer for the company on the revenue front: a topline of Rs 185.21 crore is its highest for a quarter till date, and marks its sixth consecutive quarter of increasing revenues (see the chart). Revenues grew 35.7% over the same period last year, and 4.13% quarter on quarter. On the decline of profits, the company says that "Net Profit declined by 26% because of higher foreign / withholding taxes, which was not…
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