Virinchi Technologies PAT up 59.1%

By siliconindia staff writer   |   Tuesday, 26 April 2005, 07:00 Hrs
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HYDERABAD: Virinchi Technologies, an e-business collaboration solutions provider focusing on B2B space, today closed the financial year 2004-05 with a growth of 71.85 percent to 182.97 million as against 106.47 million in financial year 2003-04.

Net Profit after tax increased by 59.1 percent to Rs 57.23 million in 2004-05 as against Rs 35.97 million in 2003-04. The total income of the Hyderabad based company for Q4 2005 is 54.8 million as against Rs 40.34 million during Q4 2004, clocking a growth of 35.66 percent.

Net profit after tax increased by 9.75 percent to 18.56 million during Q4 2005, as against Rs 16.93 million for Q4 2004.

Viswanath Kompella, CEO, Virinchi Technologies, said, "The company is pursuing an aggressive growth strategy and has already added two Saudi fortune clients, three large European Automobile OEM clients for its CAD and CAE services, three clients in the North American markets for custom application development during the last quarter of 2004-2005."

The current global headcount of the company is at 175 across all the streams.

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