OnMobile reports 18 percent increase in revenue for 2010-11

OnMobile reported an 18 percent
increase in revenue for fiscal 2010-11 at Rs 5,372
million as compared with Rs 4,544 million in the previous financial year.


Net profit increased 109
percent from Rs 428 million to Rs 892 million during the period.


Revenue for the quarter ended
March 31, 2011 was Rs 1,333 million, an 8 per cent increase over Rs 1,229
million to Rs, 1,333 million. EBITDA increased 40 percent from Rs 219 million
to Rs 307 million, while net profit grew 143 percent from Rs 111 million to Rs
269 million.


OnMobile’s full year
revenue growth
was lower due to
change in contractual scope for a customer which impacted revenue but not
contribution margins.

‘OnMobile’s double-digit
growth in fiscal year 2011 validates our commitment to be a global VAS leader,
building on our VAS pioneer credentials,’ said Arvind Rao, chairman, CEO and managing
director, OnMobile. ‘This strong performance bears testimony to the success of
OnMobile’s strategy to establish a broad global footprint with acquisitions,
significant customer wins and continued technology investments.’

According to a press
release, the OnMobile  –
Telefonica  deal in
LATAM continued to thrive as services have been deployed across 6 countries,
covering 80 percent of the total subscriber base. The company already witnessed
3 million+ active users in 9 months from the first country deployment and its
RBT ARPU is 2 to 3 times
compared to India.

OnMobile has licensed its ‘Video Calling software stack’  to several major handset, chipset and platform
vendors in China. The licensees will embed the OnMobile video calling software
in a range of handsets and chipsets, including Android. OnMobile also opened an
office in China and renewed its relationship with two of the biggest operators
in that country.

Social RBT was launched
amongst four leading telecom operators in India and abroad, allowing them to
increase their subscribers’ base by reaching out to more users leveraging the
viral effect of social networking sites.

A major operator in Africa selected
OnMobile as the Music service provider across all their music service
offerings. OnMobile is replacing the basic service from the current service
provider and extending it to multi format and multi channel.


The OnMobile RCS Phonebook 2.0 was
selected for the App Garage at Mobile World Congress 2011 in Barcelona. The RCS
Phonebook, a comprehensive and interactive user address book that synchronizes
all contact information, including friends on social networks, into one central
location for easy management and live access enables mobile providers to stay
ahead of communication’s shift to the Web, by offering its customers the
ability to stay connected and communicate via live presence updates, live chat,
and video streaming.


A leading Indian operator
experienced 100 percent growth in Reverse Ring Back Tone (RRBT) services from
OnMobile. RRBT services were also launched for the first time internationally
for a major operator in the Asia Pacific region.


OnMobile registered new
offices in Cyprus, Senegal and Tanzania to facilitate global operations and
increase presence in international territories.


By TelecomLead.com

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