BANGALORE, India – October 30, 2014: OnMobile Global (“OnMobile”) today announced the results for the Second Quarter FY2015 ended September 30, 2014. Adjusted for the sale of Voxmobili in Q2 FY2015, revenue increased by 13.0% q-o-q and 1.9% y-o-y. EBITDA increased significantly by 77.5% q-o-q to Rs. 278 million at 13.4% margin (up 552 bps compared with Q1 FY2015).
Cash & cash equivalents position improved from Rs. 1,463 million in the last quarter to Rs. 2,898 million in Q2 FY2015. This was primarily due to cash proceeds from the sale of Voxmobili, improved collections and better working capital management.
OnMobile [NSE India: ONMOBILE], headquartered in Bangalore, India, and with offices in all regions of the world, delivers millions of music plays daily to mobile customers worldwide. Based on current deployments, OnMobile has the potential to reach more than 1.1 billion mobile users across several geographies. For further information, please visit www.onmobile.com