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OnMobile Q2-FY13 Concall: CEO Search, New Projects, OnCloud & International Biz

OnMobile Global had reported consolidated profits of Rs 6.22 crore for the quarter ended September 30, 2012 (Q2-FY13), down 87% from Rs 47.72 crore profit in the same quarter last year and down 34.66% from Rs 9.52 crore in the last quarter. It had reported a total revenue of Rs 179.8 crore for the quarter, up 15.84% from Rs 155.22 crore revenues in the same quarter last year but a minor 2.92% dip from Rs 185.21 crore in the previous quarter. Here are some notes from the OnMobile's Investor conference call: - International Revenues: Mouli Raman, Co-Founder and MD, OnMobile said that OnMobile's International revenues accounted for 59% of the net sales during the quarter, as compared to 42% in Q2FY12. He said that Latin American region had been performing well for the company and it currently has operations in all the 14 countries of Latin America. He stated that Latin American region accounted for about 23% of their overall revenues and most of these revenues were primarily from RBT (Ring Back Tone) service with more services being rolled out in the region. Raman also noted that they were seeing a 7% to 11% penetration of the RBT service in various markets. Besides this, Raman stated that they are also registering revenues from RBT and M- Radio services for the African region. - New Projects: Raman stated that OnMobile had won a VAS convergence project from Telefonica Spain wherein Telefonica Spain is offering WAP-based content services to its subscribers. While he didn't disclose the exact deal period or the deal size, Raman noted…

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