Allied Digital total income stands at Rs 90.20cr

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Allied Digital total income stands at Rs 90.20cr

This article was posted on Jul 31, 2008 and is filed under Press Releases

Allied Digital Services Limited (BSE: 532875) (NSE id: ADSL), Systems Integrator and an IT Infrastructure Management Services Provider company today announced their quarter results with total income of Rs. 90.20 crores for the quarter ended June 30th, 2008, an increase of 38% as compared to Total Income of Rs.65.23 crores for the quarter ended June 07. The Net Profit after Tax for the quarter ended June 2008 was Rs. 15.66 crores as against a PAT of Rs. 9.05 crores for the quarter ended June 2007, an increase of 73%.

ADSL recently acquired 80.5% stake in IT Infrastructure Management/Remote Management Services provider EnPointe Global Services Llc., a carved out subsidiary of EnPointe Technologies Inc. (ENPT) a NASDAQ listed company with revenues over USD 340 Million.This acquisition is revenue and earnings accretive to ADSL and is expected to strengthen the opportunity pipeline for the company in the US market for its Remote Service offering (NOC + SOC) and also use the acquired entity as a platform for several other inorganic growth initiatives across the globe.

Chairman & Managing Director of Allied Digital, Mr. Nitin Shah, said “This quarter has been excellent for Allied Digital and all its investors .We were able to enhance our revenues in the remote management services space and complete the acquisition of EnPointe Global Services Llc which underlines our commitment to expand geographically in the Remote IT infrastructure management domain.’’

Allied Digital is growing at 45% revenue CAGR & 70% profit CAGR for last 3 years, with a strength of more than 1800 professionals from different managerial & engineering backgrounds, across 132 locations within India, caters to a diverse customer base across the BFSI, Manufacturing, Retail, Telecom and BPO Verticals. Allied Digital’s SOC in tie up with E-Cop (www.e-cop.net), Singapore enjoys 90% market share in the BFSI vertical is set to generate large business opportunity in the US Market.

“We believe in moving ahead, anticipating changes and evolving to meet the growing requirements through superior service delivery and have at regular intervals demonstrated our capabilities by providing the same successfully in different countries worldwide,’’ said Nitin Shah, Chairman & Managing Director of Allied Digital.

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