si 20 Company Performance
Date: Saturday , April 01, 2006
NASDAQ: OSIS Chairman, CEO & President: Deepak Chopra Founded: 1987
OSI Systems, Inc. engages in the design, manufacture, and marketing of security and inspection systems, medical monitoring and anesthesia systems, and optoelectronic devices and value-added subsystems worldwide.
The company reported record revenues of $117.1 million for the second quarter of fiscal 2006, an increase of 14 percent from $102.5 million reported for the second quarter of fiscal 2005. For the six months of fiscal 2006, revenues increased by $28.8 million, or 15 percent, to $219.0 million, from $190.2 million for the first six months of fiscal 2005.
For the first quarter of fiscal 2006, the company reported a net loss of $0.26 per diluted share compared to earnings of $0.08 per diluted share for the first quarter of fiscal 2005.
CEO, Chairman and President Deepak Chopra said, “The first quarter of fiscal 2006, saw the company continue to make progress towards returning to profitability in fiscal 2006. This quarter we reduced our operational losses when compared to the fourth quarter of fiscal 2005 and expect to return to profitability in the second quarter of fiscal 2005.”
Chairman: S. Ramadorai Founded: 1975
CMC, the New Delhi based IT services company became a part of Tata Consultancy Services (TCS) in 2001 after the Government divested its stake in the company.
With a strong background and numerous public sector companies as its clients, the company's profits have been moving north. CMC Limited announced its financial results for the half year ended September 2005. The total revenue of the company increased by 11.1 percent to $91.36 million as opposed to $82.04 million earned in the corresponding period in the previous year. The company's profit before tax for the period was $8.26 million.
CMC was the first Indian company to make its international foray by acquiring U.S. based Baton Rouge International in 1991 and has not looked back since then. It has offices in London and Dubai. When IBM quit India in 1978, CMC took over the maintenance of over 800 IBM computers installed in the country.
Of late there have been talks of the company delisting from the Indian bourses and merging with the TCS.