Everonn's Q1 FY10 revenue up by 61 percent QoQ

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Everonn's  Q1 FY10 revenue up by 61 percent QoQ
Bangalore: Everonn Systems India, an education and training company has announced its Q1 FY10 results. It clocked revenue of 3591 lakhs, a 61 percent increase as compared to the corresponding quarter in FY09. Also the PAT of the company stood at 504.42 lakhs, witnessing 64 percent rise as compared to Q1 FY 09. Based on the consolidated and the un-audited financial results of the company for the quarter ended June 30, 2009, the net sales rose up to 3,590.93 lakhs from 2,226.25 lakhs in the un-audited financial results for the same quarter in 2008. The company has raised funds of 5002.14 lakhs through initial public offering (IPO). Providing computer education, Everonn has partnered with various state governments to bridge the digital divide by setting up computer lab infrastructure at schools and colleges and imparting IT education through its faculty under its ICT programme. According to the company, the labs also facilitate computer-aided learning at schools. Everonn has added over 200 educational institutions to its network, taking its presence to over 6500 learning centers and reaching out to over three million students.