Hyderabad, Andhra Pradesh, India
Tanla Solutions Ltd, a leading telecommunications software and services provider with worldwide operations today announced excellent results for its second quarter ended 30th September 2007.
There has been accelerated growth in revenues and profitability with consolidated total income of Rs. 111.42 crore (up from Rs. 94.51 crore in Q1) and net profit of Rs. 36.74 crore (up from Rs. 33.26 crore in Q1). The cost of sales have fallen from 48.9% to 44.4% as a result of increased platform capabilities, R&D, and better cash management; this amongst others have contributed to a raise in EBITDA margins from 44.1% to 46.1%.
Uday Reddy, Chairman & MD, Tanla Solutions commented on the results by saying that "Tanla is successfully following a three tier expansion strategy based on geographical, vertical markets and products based growth which has helped in delivering excellent results."
"We have expanded our operations into North America and Asia Pacific setting up new subsidiaries in Singapore and The USA. Our market share for premium aggregation and mobile applications business in the UK is now close to 4% up from 2.5% in January 2007. We have also expanded the vertical markets we service with an enhanced product set covering the wider mobile value chain." Uday Reddy concluded.
Tanla has recently launched Payforit services in the UK in partnership with all UK mobile operators. Tanla is focused on further expanding its product set to enhance its capabilities to deliver Mobile Commerce and Mobile Advertising solutions on a global basis. Tanla has also recently signed agreements for messaging and mobile payment services with leading mobile operators in India.
Tanla further expanded its senior management team by recruiting high profile senior executives including a new Head of Product Development, US Marketing Director, Head of Sales for North America and India.
In Q2, Tanla was short listed for two high profile industry awards including Best New Market Entrant by the UK Department of Trade and Investment and also for Best Billing Service Provider by Mobile Entertainment Magazine, UK.
For more information and view detailed results visit: www.tanlasolutions.com
To view the Q2 results click the link below:
Q2 Results
Source: Tanla Solutions Limited (Business Wire India)
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