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Onmobile reports Rs 1.21 Cr loss for Q2-FY15; Employee strength 1217 after layoffs

India revenues for Onmobile Global grew to Rs 57.6 crore, up 13.8% year on year and 24.3% quarter on quarter, as the company reduced costs. It won an exclusive deal for caller ringback tones with Tata Teleservices, and says it renewed contract for SMS, WAP and USSD services "with a leading operator". On a consolidated basis, Onmobile reported a net loss of Rs 1.21 crore, as compared with a profit of Rs 1.5 crore reported for the same quarter last year, and down from Rs 23.9 crore reported in Q1-FY15. This was helped by a marginal quarter on quarter increase in revenues, which rose to Rs 207.5 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:       Data declined as a percentage of revenue due to Voxmobili sale   International Business International revenues, at Rs 149.9 crores, now account for 72% of Onmobile's revenues. International revenues were flat, when normalising for the sale of VoxMobili, the company said. 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. The company said that Voxmobili revenue was mainly derived from the developed markets and hence Q2-FY15 numbers are not comparable with the historical quarters. Adjusted for the sale of Voxmobili, revenues increased…

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Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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