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Thursday October 23, 01:14 PM
Tanla Solutions Ltd. Announces Second Quarter Results for Financial Year 2008 - 2009 |
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Hyderabad, Andhra Pradesh, India, Thursday, October 23, 2008 -- (Business Wire India) -- Tanla Solutions Ltd., leading telecommunications software and services provider with worldwide operations has reported Total Revenues of Rs. 212.41 Crores for the Quarter ended 30th September 2008 against Rs. 111.42 Crores for the corresponding quarter of 2007 on a consolidated basis. This registers a rise of 90.63%. Net Profits have jumped 92.83% to Rs. 70.54 crores as compared with the same period last year. EPS for the quarter ended 30th September stood at Rs.7.05. On a sequential basis Total Revenues have increased by 25.79%. EBITDA margins stood at 45.66% for the quarter on a consolidated basis.
Mr. Uday Reddy, Chairman and Managing Director at Tanla Solutions commented on the results; “Last quarter’s result validates our view of a muted impact of the recent global slowdown on the mobile market in geographies of our operation. We have also got a significant boost from our domestic revenues and our new Mobile Payments vertical.”
Tanla Mobile, a Tanla Solutions subsidiary continues to be the growth driver and works in partnership with global mobile operators across UK and Asia, Spain and South Africa. The mobile market in both UK and new geographies like India remain resilient to recent economic upheavals. Vodafone and O2, UK’s top 2 operators continue to see robust growth in non voice revenues. For Vodafone, Service revenue has increased by 2.1% due to 31.0% growth in data revenue and 13.5% growth in messaging revenues. Overall ARPU declined by 4% and voice ARPU decreased by around 10% but data ARPU grew at 13%. In Telefonica O2’s case, Data ARPU was 12.1% higher year-on-year in the second quarter , driven by growth in text message volumes (+41.4% year-on-year), as well as increasing usage of mobile Internet, with growth in non-SMS revenues of 46.1% year-on-year.
In Q2 Tanla’s Mobile Payments performance highlighted the increasing global shipments of smart and feature phones. License Manager installations from Tanla OY were close to 6 million handsets with September alone doing close to 3 million. All smart phones being sold by manufacturers like Nokia carry Tanla’s mobile application rights management product. This service is now available in India through Tanla’s tie up with Airtel and would shortly be rolled out with other operators. Globally however its services are available in over 150 countries and more recently in Spain and South Africa. In addition globally all phone billing through Premium SMS for mobile applications are being done on Tanla’s aggregator platform across the globe and has been launched commercially on Airtel, the leading Telecom Operator of India during this Quarter.
Emerging markets like India too have shown healthy trends in mobile services. In September alone, there was a record 10 Million subscriber addition with the total mobile subscriber figure crossing the 300 Million milestone.
Tanla’s Indian operations continued to establish business across operator products and tie ups and launch of our global suite of products. Mr. Uday Reddy added “I am pleased to share that on completion of successful trials Tanla is set to become the first Indian company to offer 3G products and applications capable of high-speed video streaming and Video calling to MTNL (MTNL.BO, news) and Dialog in Sri Lanka.”
Tanla continues to innovate and bring to market proprietary cutting edge products. Last quarter it launched services in its platform to support Industry standard VXML standards, which allows for non-technical personnel to quickly create video campaigns/services and launch them into the market.
Highlights for the quarter:
-- Signing up 3G products and services agreement with MTNL and Dialog (Sri Lanka), a first from an Indian company.
-- Deployed Missed Call Alert solution and SMSC with Aircel in existing and upcoming circles.
-- Poppy Appeal, the most prominent charity campaign in the UK, to run on Tanla’s platform for Payforit & Premium SMS
-- Payforit 2.0, new version of Payforit allowing single click purchase & shopping basket feature launched in the UK.
-- Video Chat platform launched in the UK with a prominent TV channel for interactive services.
-- ITV client wins: B4U, New channel for 4D Interactive, Max TV (SL), NTV (India)
-- Bagged a deal for UMS & USSD Platform from a Telco in Africa – deployment slated for Q3/Q4.
-- Deployments done nationally for BSNL Voice Portal Services (20 circles done), Services to be launched in Q3.
-- Signed up Voice Connectivity with major Telcom Operators in India – To launch voice portal services this quarter.
-- Aggregation services launched in Q2 with major Telcom Operators in India.
-- Entered into Content Partnerhsips / Arrangements with Content Providers for various Genres across Video, Music and Text content
-- Launched Tanla OY (OpenBit) Services with Airtel in India.
-- Signed up with Etisalat for ICM - Campaign Management solution.
About Tanla Solutions Ltd:
Tanla is a leading provider of Telecom infrastructure headquartered in Hyderabad, India with offices in London, New York, Dubai, Singapore, Dublin and Colombo. It is listed on both the National and Mumbai Stock Exchanges (Reuters TNSL.BO and Bloomberg TANS: IN). For the financial year ending 31st March 2008, Tanla recorded Revenues in excess of $119 Million and Net Profits of more than $40 Million. Tanla was awarded the Deloitte Fast 50 award and named as the Sixth fastest growing company in India as part of the Deloitte survey. It’s subsidiary business Tanla Mobile is one of the youngest and fasted growing Network (NETW.BO, news) Aggregators in the UK. Tanla Mobile is a leading innovator of next-generation mobile application solutions, m-commerce and interactive services. Tanla Mobile specialises in developing mobile applications and platforms for the Mobile Telecoms, Media and Digital Communications sector. Tanla Mobile works in partnership with global mobile operators across Asia, Europe and North America to deliver and bill mobile content over SMS, WAP, MMS, Video, etc. Its product suite includes Mobile Payments Solutions, Campaign Management, Content Management, 3G Video Management and Interactive TV Management applications, all of which are supported by powerful online reporting and CRM tools. Tanla OY, Finland which acquired Openbit in June is recognized as a leading provider of solutions that seamlessly integrate on-device payment and mobile application rights managements. The Company has a proven business model with a unique value proposition around on-device payment, with an installed base of tens of millions of handsets worldwide. The Company provides software vendors and content distributors with efficient and secure means to distribute and process payment of mobile content for end-users globally. Tanla OY has established global billing agreements that allow convenient payment of mobile content with nearly 90 operator networks in over 150 countries and with all major credit cards worldwide.
Visit www.tanla.com for further details.
Media contact details
Rohit Midha, Head - Corporate Affairs,
Tanla Solutions Limited,
+91 (040) 40099999,
rohit.midha@tanla.com
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