3i Infotech Q4 net at $1.7 M

By agencies   |   Saturday, 23 April 2005, 07:00 Hrs
Printer Print Email Email
MUMBAI: 3i Infotech Ltd., the infotech arm of ICICI Bank Ltd. today reported a consolidated net profit of $1.7 million ( 7.1 crore) for the three months through March.

The company, whose shares debuted on the Bombay Stock Exchange on Friday, did not give a comparable figure for a year earlier but said revenue was up 24 percent.

3i said it expected revenue in the current financial year to March 2006 to grow by 25 to 30 percent from Rs 292 crore last year, with net margins of between 13 and 15 percent.







SPOTLIGHT
Wipro opens third industrial
IT major Wipro Ltd on Thursday opened its centre of excellence for Industrial Internet of Things (..
Facebook denies cyber attack
Facebook ruled out a cyber attack on its products Whatsapp, Instagram and Messenger, which suf..
IBM announces programme
n a bid to recognise the contribution of developers in the open source community, Information ..
Google's Gboard gets offline
Google is adding an Artificially Intelligent (AI) offline dictation feature on its Gboard keyb..