Tata Infotech Q2 net up by 52%

By agencies   |   Monday, 17 October 2005, 07:00 Hrs
Printer Print Email Email
MUMBAI: Tata Infotech has reported a 52 percent rise in its net profit for the second quarter of the current financial year. The net profit for the quarter stood at $0.63 million against $0.41 million in the same period last financial year.

The company attributed this to the growth in all its segments — systems integration, manufacturing and educational services. Income from operations increased by 14 percent to $4.88 million from $4.28 million in the corresponding period previous year.

The company’s Chairman, Farrokh Kavarana said: “The company's thrust on customer focus and operational efficiency has contributed significantly towards the improvement in all-round performance.”

Infotech’s operating profit amounted to $0.66 million, an increase from $0.53 million. For the first half of the current financial year, the net profit of the company jumped by 60 percent to $1.14 million from $0.71 million reported during the same period previous year.

Revenues for the proposed period have gone by 16 percent to $9.53 million ($8.24 million).


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