Tanla Solutions announces Q1 results for FY08

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Tanla Solutions announces Q1 results for FY08

Tanla Solutions Ltd. announces First Quarter results for Financial Year 2008

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Tanla Solutions Ltd . has reported Total Income of Rs.94.51 Crores for the Quarter ended 30^th June 2007 against Rs.39.73 Crores for the corresponding quarter of 2006 on a consolidated basis. This registers a rise of 138%. Net Profits have jumped 107% to Rs.33.26 Crores as compared with the same period last year. The first quarter EPS stood at Rs.6.65. On a sequential basis Total Income have increased by 10.76%. EBITDA margins stood at 46.66% for the quarter on a consolidated basis.

The robust numbers reaffirm the traction seen from its subsidiary business Tanla Mobile which is a leading innovator of next-generation mobile application solutions, m-commerce and interactive services.  Tanla Mobile works in partnership with global mobile operators across UK and Asia 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. 

The company has also incorporated subsidiaries in the US, Singapore and UAE to expand its offerings to newer geographies. According to research firm Telephia the market value for the US off-portal mobile content market using Premium SMS for mobile payments was approximately $250 million for the first quarter of 2007 (Estimated to be $1 billion p/a).

Mr. Uday Reddy, Chairman and MD at Tanla Solutions said of the plans, "This is a critical first stage of the company's global expansion plans and involves starting operations in the USA which has more than 250 million high spending mobile subscribers with average revenues per user of more than $600 per annum. The US market is very important for Tanla Mobile as all the major software vendors and several global internet brands have their international headquarters there.  It is important that the company takes advantage of the opportunity to help develop and implement their mobile strategy."

Sourced From: Perfect Relations Limited