Mobility paves Samsung’s silver path
The Korean giant’s early bet on mobile phones helped it hit the $10-bn mark in India, but in its 25th year it ...
Education support services firm Edserv today announced a partnership with Aircel, under which subscribers of the telecom operator will be able to access educational content on their mobiles.
The company is eyeing revenues of Rs 40 crore in the next year through this agreement and expects 2 million students to access educational content through its application ‘HumThum’, EdServ said in a statement.
“Aircel has over 50 million subscribers across the country. At a conservative estimate of just 5 per cent of this subscriber base, we will be able to add over 2 million new users to our lampsglow.com content. We are targeting revenues of Rs 40 crore annually beginning next year,” Edserv Chairman and CEO Mr S Giridharan said.
Edserv had recently signed a similar agreement with Tata Docomo for their ‘Tutor on Mobile’ service.
Further, the company said it aiming to have one crore subscribers from the mobile segment over the next 2-3 years and achieve revenues of Rs 170-180 crore by the end of next financial year.
“Over the last quarter, we have tied up with Nokia, Samsung and Blackberry smart phones for expanding our offerings in the mobile segment. We have a strong pipeline for the rest of the year. Our target is to achieve revenues of Rs 170-180 crore and net profit of about 30 per cent on the top line. The company is targeting an EPS (earnings per share) of Rs 25 for the year ending 31st March 2012,” Mr Giridharan said.
Edserv plans to take the acquisition route for expansion and is hopeful of closing a deal in the second half of the current financial year.
“We are also looking at acquisitions to strengthen and consolidate our presence in the Test Prep education market. We may be able to close out one of the acquisitions during the second half of the year. These acquisitions will also help the company achieve the targeted performance,” Mr Giridharan added.
The Korean giant’s early bet on mobile phones helped it hit the $10-bn mark in India, but in its 25th year it ...
Antrix should adopt a different tactic than merely fighting over jurisdiction: Experts
Invest in relationships, enterprise, behaviour, effort and learning
From different types of osmoses to new membranes, researchers have come up with ways of drawing water
High valuation and stiff competition from larger players are a dampener
Investors with a short-term perspective can buy The New India Assurance Company (NIACL) stock at current ...
₹1490 • HDFC Bank S1S2R1R2COMMENT 1475146015051520 Fresh short positions are recommended with a stiff ...
Will a stock continue its current trend or will it reverse? We tell you how you can read chart patterns to ...
What makes the new crop of young Indian cricketers such game-changing winners? Over and above their talent, ...
In these isolated times when people yearn for a slice of the familiar, amateur and professional chefs are ...
‘You ready to go to work?’ Joe Biden had asked Kamala Harris before naming her as his running mate. ‘Oh my ...
Writer Narendra’s latest book, rich with vignettes from Bastar and his native village in Uttar Pradesh, ...
Digital is becoming dominant media, but are companies and their ad agencies transforming fast enough to make a ...
Slow Network, promoted by journalist-lyricist Neelesh Misra, pushes rural products and experiences
How marketers can use the traditional exchange of festive wishes meaningfully
For Fortune, a brand celebrating its 20th anniversary, it was a rude shock to become the butt of social media ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor