Infotech Q2 revenue, net up

By agencies   |   Thursday, 20 October 2005, 07:00 Hrs
Printer Print Email Email
HYDERABAD: Infotech Enterprises Ltd has recorded a total income of $1.87 million and a net profit of $0.21 million for the second quarter of the current financial year, as against $1.55 million and $0.15 million respectively, in the corresponding quarter last year.

This has reflected a growth of 20.4 percent in revenues year-on-year (YoY) and 46.4 percent in net profit. Operating revenues were increased by 5.3 percent and net profit by 11.7 percent.

Announcing the results the company’s Chairman and Managing Director B V R Mohan Reddy said: “For the Q2-06, our profitability, and operating margins were increased by 200 basis points compared to the preceding quarter. We won several major contracts, including a five-year engineering design agreement with Alstom Transport and a contract from the Dutch telecom service provider, KPN Telecom.”

The company established a new U.S. office at Rockford, to focus on technical publications.

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..