Scribd Logo
Upload

Welcome to Scribd!

  • 146 views

    Press Release 2

    Uploaded by

    mixedbag
    OnMobile Global Limited reported financial results for the first quarter of fiscal year 2008-2009, with total revenue of Rs. 863 million and net income of Rs. 152 million. Earnings per share were Rs. 3. Key highlights included the launch of new products and services with telecom operators in India and new contracts signed. The company also acquired Telisma, a European speech recognition company, and expects it will enhance their technology and market position over the next 2-3 years.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd

    Press Release 2

    Uploaded by

    mixedbag
    146 views3 pages
    OnMobile Global Limited reported financial results for the first quarter of fiscal year 2008-2009, with total revenue of Rs. 863 million and net income of Rs. 152 million. Earnings per share were Rs. 3. Key highlights included the launch of new products and services with telecom operators in India and new contracts signed. The company also acquired Telisma, a European speech recognition company, and expects it will enhance their technology and market position over the next 2-3 years.

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    OnMobile Global Limited reported financial results for the first quarter of fiscal year 2008-2009, with total revenue of Rs. 863 million and net income of Rs. 152 million. Earnings per share were Rs. 3. Key highlights included the launch of new products and services with telecom operators in India and new contracts signed. The company also acquired Telisma, a European speech recognition company, and expects it will enhance their technology and market position over the next 2-3 years.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    146 views3 pages

    Press Release 2

    Uploaded by

    mixedbag
    OnMobile Global Limited reported financial results for the first quarter of fiscal year 2008-2009, with total revenue of Rs. 863 million and net income of Rs. 152 million. Earnings per share were Rs. 3. Key highlights included the launch of new products and services with telecom operators in India and new contracts signed. The company also acquired Telisma, a European speech recognition company, and expects it will enhance their technology and market position over the next 2-3 years.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    OnMobile Global Limited

    Highlights for First Quarter ended June 30, 2008


     Total Revenue of Rs. 863 Mn
     EBITDA (excluding other income) of Rs. 209 Mn
     Net Income of Rs. 152 Mn
     EPS of Rs. 3 per share
    Bangalore, July 31, 2008: OnMobile Global Limited, leader in the Indian telecom value
    added services space, announced its results for its First quarter ended June 30, 2008
    following its approval by the Board of Directors in the meeting held on July 31, 2008 in
    Bangalore.

    Performance Highlights

    Historically the first quarter of a fiscal year has seen us delivering 17 to 22% of full year
    revenues and profit after taxes. Our results in the first quarter of this fiscal year are in line
    with our full year guidance and our historical first quarter performance.

    The Q1 margins are lower because of onetime expenses associated with the recent
    Telisma acquisition and foreign exchange loss on account of Euro fluctuation on
    earnout related payout to Voxmobili shareholders. Without these onetime expenses our
    profit after tax margin would be around 21%.

    The other contributor is the change in business model we have pursued in the large
    Asian markets for our Voxmobili Phone Backup service. We have, since the acquisition,
    sold the product into over ten (10) telecom customers on a long term contract,
    recurring revenue share basis rather than a onetime software licensing model. This
    sacrifices short term revenues for larger, longer term revenue streams.

    We want to re-iterate that our business cannot be looked at on a quarterly basis, as the
    timing of the launch of new innovative products or the launch of the services in a new
    customer impacts the results of a particular quarter, which are, on certain occasions
    not entirely controlled by us. We maintain our guidance that we had given earlier on
    2008-09 financial year performance.

    During the quarter we also announced the acquisition of 100% stake in Telisma, a
    leading European Speech Recognition company, for a consideration of 12 Million Euros.
    Telisma is Europe’s leading Speech technology & language processing software
    provider. Telisma’s speech recognition products & expertise will enable us to accelerate
    our penetration into fast growing emerging markets by developing new speech
    recognition language models.

    Over time, Telisma’s advanced technology will be embedded into a significant part of
    OnMobile’s new products and installed product base with existing customers. This
    process will take two to three years to complete, but will result in a significant
    enhancement in OnMobile’s market position and relationship with large customers. As a
    result of this we expect a marginal drop in our PAT, in the short run.
    Key Operational Highlights

    Products New Launches


    Launched Msearch in Vodafone, Reliance and Tata
    Launched AdRBT in one the leading telecom operators in India. Pioneering
    launch, first in India
    Launched Phone Back up service in one of the leading telecom operators
    in India
    New milestones in performance / results
    Launched voice based Msearch in three telecom operators in India -
    Generating 1 million searches per day
    Launched SMS search in one of the leading telecom operators in India -
    8000 selections/day
    Customers New Signups
    Completed regional RBT deployment in one of the leading telecom
    operators in India. This covers 5 states, 20 million subscribers and 3 million
    active users
    Signed a contract for RBT deployment in the largest telecom operator in
    Nepal
    Award of LOI from a leading telecom operator in UAE for RBT replacement
    Award of LOI from two international operators (Bangladesh and Sri Lanka)
    for deployment of Phone backup

    About OnMobile Global Limited

    OnMobile is the largest telecom VAS solutions provider in India. Incorporated in the year
    2000, OnMobile was incubated at Infosys Technologies Limited. OnMobile is the first
    Indian telecom VAS service company to go public.

    A technology company with an IP on integrated Multimodal Platform & develops


    Multiple VAS services, OnMobile enables Service Providers, media houses, corporate, &
    merchants to offer telecom applications on any network technology to provide
    enriching end-user experience. OnMobile practices the philosophy of partnership,
    through a risk reward revenue share business model & delivery of services based on
    managed services approach.

    OnMobile is headquartered in Bangalore, with offices in 9 countries, customers in over


    20 countries, and 900+ employees.

    You might also like