i-flex Solutions Q3 net up by 20%

By agencies   |   Monday, 30 January 2006, 08:00 Hrs
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MUMBAI: i-flex Solutions Ltd's net profit for the Q3-06 has gone up to$13.16 million, as aginst $10.90 million during the same period a year ago.

Total revenue of the company has gone up from $56.68 million in Q3-05 to $67.60 million during the period under review.

Announcing the results, the company’s Chairman and Managing Director, Rajesh Hukku said, “We are pleased with the all round growth and increasing business momentum; the product license fees signings have been the highest ever in any quarter, and have increased 57 percent on a nine-month basis. The strategic partnership with Oracle and the close synergies of our sales, marketing and development engines position us strongly to gain market leadership.”

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