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Infotech Enterprises announces Q3 results
By siliconindia
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Thursday, 17 January 2008, 20:30 IST
New Delhi: Infotech Enterprises has announced that its unaudited financial results for the quarter ended 31st December 2007 were taken on record by the Board at its meeting held today.
"I am pleased to announce another strong quarterly performance. The company has delivered a robust growth performance during the quarter under review, due to its strong momentum across its business operations and the initiatives undertaken over the years. I am delighted to bring to your attention that the total income in the first nine months of this fiscal has crossed 
500 crorer threshold," said BVR Mohan Reddy, Chairman and Managing Director, Infotech Enterprises.
During the quarter we delivered a robust 11 percent sequential growth and 39.6 percent growth in revenues in dollars, which is in line with our projections. Operating margin has been maintained at 18.1 percent despite exchange fluctuations. Growth that we witnessed in our business this quarter is broad based both UTG and EMI segments have witnessed sequential growth of 20 percent and 7 percent respectively in dollar terms.
"Our diversified revenue portfolio, both in currencies and geographies, makes us believe that the operating margins are not likely to be impacted any further, barring dramatic currency movement. Going forward, we expect to continue to deliver significant growth on the back of increased order intake which is quite strong and visible in both the verticals," he added.
500 crorer threshold," said BVR Mohan Reddy, Chairman and Managing Director, Infotech Enterprises.
During the quarter we delivered a robust 11 percent sequential growth and 39.6 percent growth in revenues in dollars, which is in line with our projections. Operating margin has been maintained at 18.1 percent despite exchange fluctuations. Growth that we witnessed in our business this quarter is broad based both UTG and EMI segments have witnessed sequential growth of 20 percent and 7 percent respectively in dollar terms.
"Our diversified revenue portfolio, both in currencies and geographies, makes us believe that the operating margins are not likely to be impacted any further, barring dramatic currency movement. Going forward, we expect to continue to deliver significant growth on the back of increased order intake which is quite strong and visible in both the verticals," he added.