August 05, 2011

By pr@onmobile.com

BANGALORE, India – Aug 05, 2011 – OnMobile today announced the results of its first quarter of fiscal year 2012, ended June 30, 2011. Revenue for the fiscal quarter was Rs 1,364 million, a 10 per cent increase versus the comparable period a year ago. Revenue at the end of the first quarter of fiscal year 2011 stood at Rs 1,238 million.

Financial highlights (1st Quarter Fiscal 2012 as compared to 1st Quarter Fiscal 2011)

  • Revenue increased 10% from Rs 1,238 million to Rs, 1,364 million
  • EBITDA decreased 6% from Rs 286 million to Rs. 270 million
  • Operating Margin decreased 28% from Rs 154 million to Rs 111 million
  • Net Profit decreased 31% from Rs 186 million to Rs 128 million
  • Earnings per share decreased 16 % from Rs 1.6 to Rs 1.3

Other Highlights

  • The global deal between OnMobile and Telefonica in LATAM continues to grow as services have been deployed across 7 countries, covering 85% of the total subscriber base. The active user base has grown over 50% from last quarter to 4.6 million users at the end of this quarter. We have also completed the deployment of our sports pack ‘Futbol’ in all 12 countries ahead of the big event, COPA America in July.
  • This quarter witnessed the launch of the OnMobile OnCloud – a SaaS based platform for Converged Content, Communications and Mobile Commerce applications offering a social community layer to existing and new VAS services.
  • OnMobile launched RBT on a SaaS model in Telefonica, Spain, successfully migrating 1 million RBT users within 2 weeks. This further reaffirmed our strong relationship with Telefonica, one of the largest telcos in the world and bears testimony on our ability to scale and deliver.
  • OnMobile has established a firm presence in the African continent. We have launched RBT and MRadio services in one of the leading operators in a large African Country replacing the incumbent RBT Service Provider, and also launched RBT in one of the leading operators in Southern Africa.
  • Atul Churamani was appointed as Head, Content Licensing & Partnerships for OnMobile. Atul will lead licensing of content from music labels and other owners of intellectual property for distribution across mobile platforms in India and around the globe, leveraging the huge mobile reach of OnMobile for content owners.

Conference Call

OnMobile will host a conference call on 05 August 2011 at 1100 hours (IST) to discuss performance for the quarter. To participate in the conference call, callers can dial 080 – 44121100 or 080 - 39406000 and provide the following participant PIN: 166513#. Please dial in 15 minutes prior to the scheduled time.

About OnMobile

OnMobile [NSE:ONMOBILE] , headquartered in Bangalore, India, with services in 52 countries, is the leading Value Added Services [VAS] company for Mobile, Landline and Media Service Providers. OnMobile offers an innovative array of products in Mobile Entertainment, Search and Discovery, Data Services and Mobile Social Networking and is a leader in the VAS Managed Services industry. The products span a range of channels including SMS, Voice, Video, WAP, Web, USSD and On-Device Portals, enabling OnMobile’s 92 telecom and media customers to generate high revenues. With over 1200 employees worldwide, OnMobile has offices around the globe, including London, Paris, Silicon Valley, Miami and Seattle. www.onmobile.com

PR Contacts:

Srividhya Parthasarathy

srividhya.parthasarathy@onmobile.com

+91 9886991275

Vaishnavi Murali

Natasha Bhattacharya

+91 9663383068