Onmobile Global Ltd
OnMobile is India's largest VAS and Data solutions provider for Mobile, Landline and Media Service Providers. OnMobile's innovative Multimodal and Multiservices Platform integrates technologies like Speech Recognition, WAP, SMS, MMS, USSD, Voice and Location amongst others. This enables Service Providers, media houses, corporate, & merchants to offer interactive services on any network technology to provide an enriched end-user experience. In addition to providing technology, platform, applications and content, OnMobile also offers its customers a Managed Services operations model. OnMobile is the first Indian telecom VAS service company to go public. It made its debut on the two most prominent Indian Stock Exchanges - BSE & NSE. OnMobile is headquartered in Bangalore, with offices in 9 countries, customers in over 20 countries, and employee strength of 1000+.
OnMobile is India's largest VAS and Data solutions provider for Mobile, Landline and Media Service Providers. OnMobile's innovative Multimodal and Multiservices Platform integrates technologies like Speech Recognition, WAP, SMS, MMS, USSD, Voice and Location amongst others. This enables Service Providers, media houses, corporate, & merchants to offer interactive services on any network technology to provide an enriched end-user experience. In addition to providing technology, platform, applications and content, OnMobile also offers its customers a Managed Services operations model. OnMobile is the first Indian telecom VAS service company to go public. It made its debut on the two most prominent Indian Stock Exchanges - BSE & NSE. OnMobile is headquartered in Bangalore, with offices in 9 countries, customers in over 20 countries, and employee strength of 1000+.
All leading mobile operators in the country such as BSNL, Bharti Airtel, RCom, Vodafone Essar and Idea Cellular feature on the client list. The revenue share for any VAS product is between 20-25 per cent of usage. With all these operators witnessing rapid subscribing additions and looking to augment non-voice revenues to stem the falling realisation, OnMobile appears well-placed to benefit from the opportunity.
OnMobile recently acquired Telsima, a natural speech recognition software player that has capabilities in foreign and several Indian languages. This paves the way for additional license fee in addition to revenue share for OnMobile in addition to geographical expansion.
Recent News:
Norwest Venture Partners India has invested about $15 million (Rs.75 crore) for a stake less than 5% in OnMobile Global Ltd, a provider of value-added services for mobile phones.
Financials:
Norwest Venture Partners India has invested about $15 million (Rs.75 crore) for a stake less than 5% in OnMobile Global Ltd, a provider of value-added services for mobile phones.
Financials:
OnMobile Global, has announced a 7.63 per cent growth in net profit to Rs 27.64 crore for the third quarter ended 31 December 2008. Total revenue rose to Rs 115.72 crore in the latest quarter from Rs 80.50 crore in the corresponding year-ago period.
CMP : 314
52wk H/L (Rs) 744.70 - 185.20
Onmobile Advantage:
The inorganic growth strategy of the company has started to boost the revenues of the company with the share of international revenues having gone up from 19% in the last year to 24% as on December 2008. The international revenues have registered a growth of approximately 90% as compared to a growth of 40% in the domestic revenues. The share of international revenues has gone up due to the contributions from Voxmobili and Telisma.
Long Term Investors can stay invested in this stock and can add this stock on dips for a period of 3-5 years. (Buy 200-250)
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