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Tata Infotech Q2 net up by 52%
By agencies
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Monday, 17 October 2005, 19:30 IST
MUMBAI: Tata Infotech has reported a 52 percent rise in its net profit for the second quarter of the current financial year. The net profit for the quarter stood at $0.63 million against $0.41 million in the same period last financial year.
The company attributed this to the growth in all its segments systems integration, manufacturing and educational services. Income from operations increased by 14 percent to $4.88 million from $4.28 million in the corresponding period previous year.
The companys Chairman, Farrokh Kavarana said: The company's thrust on customer focus and operational efficiency has contributed significantly towards the improvement in all-round performance.
Infotechs operating profit amounted to $0.66 million, an increase from $0.53 million. For the first half of the current financial year, the net profit of the company jumped by 60 percent to $1.14 million from $0.71 million reported during the same period previous year.
Revenues for the proposed period have gone by 16 percent to $9.53 million ($8.24 million).