Route Mobile Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 27, 2023 at 06:08 am EDT
Share
Route Mobile Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 10,146.1 million compared to INR 8,458.4 million a year ago. Revenue was INR 10,182.9 million compared to INR 8,481 million a year ago. Net income was INR 888 million compared to INR 736 million a year ago. Basic earnings per share from continuing operations was INR 14.21 compared to INR 11.76 a year ago. Diluted earnings per share from continuing operations was INR 13.54 compared to INR 11.76 a year ago.
For the six months, sales was INR 19,819.5 million compared to INR 15,748.5 million a year ago. Revenue was INR 19,964.5 million compared to INR 15,919 million a year ago. Net income was INR 1,812.4 million compared to INR 1,430.1 million a year ago. Basic earnings per share from continuing operations was INR 29.01 compared to INR 22.78 a year ago. Diluted earnings per share from continuing operations was INR 28.34 compared to INR 22.78 a year ago.
Route Mobile Limited is an India-based cloud communications platform service provider offering communication platform as a service (CPaaS) solutions. The Company caters to enterprises, over-the-top (OTT) players, and mobile network operators (MNO) and its portfolio comprises solutions in messaging, voice, email, SMS filtering, analytics, and monetization. The Company provides a communication product stack, based on a CPaaS principals, infusing conversational artificial intelligence (AI) across a broad range of industries, including social media companies, banks and financial institutions, e-commerce entities, and travel aggregators. Its messaging solutions include application-to-peer (A2P) Messaging, 2-Way Messaging, Route OTP, Acculync, IP Messaging, Omnichannel Communication, Mail2SMS, RCS business messaging, Route Connector, Viber business messages, WhatsApp business platform and Google business messages. The Company's collaborative solutions include CLAP and CLAP Co-Browsing.
ROUTE MOBILE LIMITED 
