Sasken Q3-06 revenues stood at $17.25M

Sasken Q3-06 revenues stood at $17.25M

By agencies   |   Tuesday, 24 January 2006, 08:00 Hrs
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BANGALORE: Sasken Communication Technologies Limited, a telecom and R&D outsourcing company, has registered a growth of 40.5 percent for the nine months period. Net profit touched $3.77 million during the period ended on December 31, as against $2.68 million same period last year.

The consolidated revenues stood at $52.29 million as against $38.00 million last year, registering a growth of 37.6 percent, according to the company’s statement.

For the third quarter of the current financial year, company’s revenues stood at $17.25 million. The revenue contribution from top five customers stood at 75.7 percent and the consolidated forex hedged position, as on December 31, 2005 was $44.1 million.

For the period under review, the company added around 38 people taking the total employee strength to 2,504 as on December 31, 2005.

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