Wednesday, April 30, 2008

Tanla Solutions Ltd. Announces Fourth Quarter Results for Financial Year 2008

Tanla Solutions Ltd., leading telecommunications software and services provider with worldwide operations has reported Total Revenues of Rs.147.21Crores for the Quarter ended 31st March 2008 against Rs. 85.33 crores for the corresponding quarter of 2007 on a consolidated basis. This registers a rise of 72.51%. Net Profits have jumped 46.87% to Rs. 49.99 crores as compared with the same period last year. EPS for the year ended 31st. March stood at Rs.32.62. On a sequential basis Total Revenues have increased by 18.68%. EBITDA margins stood at 46.83% for the financial year on a consolidated basis. Y-o-Y growth in Total Revenues has been 108.18% to Rs.477.17 crores and Net Profit has increased from Rs.92.79 crores to Rs.163.10 crores.

Its subsidiary business, Tanla Mobile continues to be the growth driver and works in partnership with global mobile operators across UK and Asia, Spain and South Africa 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.

Mr. Uday Reddy, Chairman and MD at Tanla Solutions said of the results; "The last financial year has been fulfilling both in terms of exceeding our earnings expectations and expansions from a geographical and managerial standpoint.

"I am further pleased to announce the appointment of Adam Maxted who would be heading the Interactive TV vertical. Adam joins us from Minick, which is a leading European provider of mobile entertainment and interactive media services. Prior to his assignment with Minick, Adam was MD for Harvest Media which is a leading interactive TV services company and was responsible for managing high profile TV programs such as American Idol and The X Factor. Adam has over 20 years experience working in the Telecoms and Media sector. He will be responsible for building Tanla's interactive TV business roadmap and implement global services working in partnership with Tanla geographic heads jointly targeting the Media sector.

"We have identified Mobile Payments as another focus vertical and have appointed Jeff Spirer to Head this critical portfolio. Jeff comes with over 20 years of experience in high technology marketing, business development, and sales. Jeff was previously with Bango Inc., a mobile payments company where he was Heading business development.
I am also happy to welcome Dr. N. J. Rajaram as President - Corporate Planning, who would be based out of Hyderabad. He has over 21 years of experience in various capacities; primarily in the areas of Software Process Improvement and Institutionalization of best practices. His roles have also entailed IT strategy formulation, IT planning for business adaptability, Systems Design, Project Management, and Business Reporting. His last assignment was as Vice President & Head of Global Quality at Intelligroup where he spearheaded several quality and business process initiatives.
"Tanla has continually invested in R&D initiatives and to institutionalize this we have recently constituted a Research Laboratory which would be focusing on next generation networks, wireless communications and embedded solutions. Dr Kaluri V Ranga Rao has been appointed as Chief Scientist and would be spearheading these initiatives. Dr. Kaluri has over 30 years experience in R&D and his previous assignments include 20 years with DRDO, 5 years as VP(Telecom & Hitech) at Satyam, Chief Engineer with GE (Hyd) and visiting professor at IIT for 3 years. He is an author of "Digital Signal Processing for practicing engineers" and has also published over 20 papers.
Even as we build on this momentum our home market provides us immense opportunities.
"With the mobile subscriber base crossing the 250 million milestone, the Indian market throws open tremendous potential. Our India initiatives announced last quarter is only a precursor to what we hope to achieve in this coming fiscal."

Highlights for the quarter:

-- Tanla Mobile Marketing & Advertising guide released in Mobile World Congress, Barcelona.

-- Direct connectivity agreements received from all Operators in Spain & South Africa.

-- Successful launch of ICM (Integrated Campaign Manager) at Mobile World Congress, Barcelona. Strong pipeline of Media & Telecom clients for ICM. Sowetan (South Africa's larger media groups), first customer to go live with ICM.

-- Successful launch of bulk SMS services in India: processing over 10 million messages per month within the first 3 months.

-- Payforit becoming the standard for Mobile Internet billing in the UK. Strong pipeline of new business for Payforit with over 10 clients already signed up & live.

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