Route Mobile Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 23, 2024 at 05:13 am EST
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Route Mobile Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 10,243.1 million compared to INR 9,857.2 million a year ago. Revenue was INR 10,438.1 million compared to INR 9,934.7 million a year ago. Net income was INR 1,057.4 million compared to INR 824.4 million a year ago. Basic earnings per share from continuing operations was INR 16.89 compared to INR 13.22 a year ago. Diluted earnings per share from continuing operations was INR 16.66 compared to INR 13.22 a year ago.
For the nine months, sales was INR 30,062.6 million compared to INR 25,605.7 million a year ago. Revenue was INR 30,352.2 million compared to INR 25,853.7 million a year ago. Net income was INR 2,869.8 million compared to INR 2,254.5 million a year ago. Basic earnings per share from continuing operations was INR 45.9 compared to INR 36 a year ago. Diluted earnings per share from continuing operations was INR 44.94 compared to INR 36 a year ago.
Route Mobile Limited is an India-based cloud communications platform service provider offering communication platform as a service (CPaaS) solutions. The Company caters to enterprises, over-the-top (OTT) players, and mobile network operators (MNO) and its portfolio comprises solutions in messaging, voice, email, SMS filtering, analytics, and monetization. The Company provides a communication product stack, based on a CPaaS principals, infusing conversational artificial intelligence (AI) across a broad range of industries, including social media companies, banks and financial institutions, e-commerce entities, and travel aggregators. Its messaging solutions include application-to-peer (A2P) Messaging, 2-Way Messaging, Route OTP, Acculync, IP Messaging, Omnichannel Communication, Mail2SMS, RCS business messaging, Route Connector, Viber business messages, WhatsApp business platform and Google business messages. The Company's collaborative solutions include CLAP and CLAP Co-Browsing.
ROUTE MOBILE LIMITED 
