Kshema posts Rs 15.8 cr Q2 revenue

By SiliconIndia   |   Wednesday, 23 October 2002, 07:00 Hrs
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BANGALORE: Kshema Technologies recorded quarter two revenues of Rs 15.80 Crores, registering an increase of 15 percent over previous quarter revenues. Net profits increased from Rs 1.83 Crores in Q1 of fiscal 2003 to Rs 3.19 Crores in Q2 of fiscal 2003. Net profit margins for Q2 records 20 percent.

Income grew by 20 percent to reach 29.37 Crores in the half year ended 30th September 2002 as compared to 24.39 Crores in the corresponding half year in the previous year. Net profits increased by 215 percent to end at 5.02 Crores for the current half year.

Kshema has charted an impressive growth both in revenues and profits. The company has grown both in sequential quarters and also in comparison with the corresponding quarter in the previous year. Kshema owes its profit margins to an effective corporate strategy that underlines better utilization of staff and keener control of costs. Kshema's flexible and mature business model offers adaptability ensuring healthy corporate performance in the tightest market situations. The company has been able to balance technical solutions with time, cost and human factors impressively.

Kshema's aggressive sales strategy has helped the company add 20 new customers in the half year. Some of these companies are Global 1000.

Said Anant Koppar, CEO, Kshema Technologies, "we have been able to foster successful projects with our mature quality processes, technical sophistication and a capability to make optimal business decisions. We've practiced good governance procedures and remained transparent which has not just held us high in our customers' minds, but has also been instrumental in getting us repeat business. Kshema has been adjudged the '19th Best Employer' by Dataquest which is tribute to our management proficiency"

Kshema was recently in the news for broadbasing its board to induct two independent directors into the company. The company wishes to include on its board a majority of outside directors to ensure a good governance model.

Kris Nair, executive vice president, Sales and Marketing said, "Innovation is a key differentiator in today's marketplace. It drives business growth and paves the way for the next generation of technology and business solutions. At Kshema we continue to work closely with our clients, strategic partners and academic alliances to develop creative ideas that shape the next wave of services and solutions."

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