IKF Technologies Q3 revenue grows more than 100 percent

By SiliconIndia   |   Friday, 29 January 2010, 12:02 Hrs
Printer Print Email Email
Bangalore: IKF Technologies, a technology solutions company based in Kolkata has posted consolidated net revenues of 40.3 crore, representing a 105 percent year-on-year (YoY) growth for the quarter ending December 31, 2009.

In this quarter, the company recorded Profit After Tax (PAT) of 4.87 crore compared to 2.37 crore for the same period last year.Commenting on the company's performance and growth plans, IKF Technologies' Managing Director , C.S. Jalan said, "Despite adverse market conditions, the company has posted a healthy order intake. Product innovation and venturing into new market and areas contributed significantly to the growth and we are confident of sustaining the growth over the forthcoming quarters."

In this quarter, IKF entered into strategic alliance with leading corporate entities in middle east in the Enterprise Resource Planning (ERP) segment and other related applications. The company also entered into an alliance in South Africa to offer computer training programs in that country. The company plan to increase its current headcount by a 1000 employees this quarter. IKF has offices at Delhi, Noida and Mumbai.

SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..