Total Revenues Have Recorded a Sequential Growth of 17.9% and Net Profits
Were up by 10.5%
HYDERABAD, India, Oct. 18 /CNW/ - Tanla Solutions Ltd, a leading
telecommunications software and services provider with worldwide operations,
today announced excellent results for its second quarter which ended 30th
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."
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 and Heads 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,
For more information and to view detailed results visit:
For further information:
For further information: Press Contacts: Rajesh, Perfect Relations,
Director Southern Region, Email: email@example.com, Tel:
+91-40-663-16861; Anuj Khanna, Head of Marketing, Tanla Solutions, Email:
firstname.lastname@example.org, Tel: +44-207-494-5600; Tanla Investor Relations, Rohit
Midha, Head - Corporate Affairs, Tanla Solutions, Hyderabad, Email:
email@example.com, Tel: +91-40 4009 9999