IEC Software Limited, one of the pioneers in India in the field of education and information technology announced its results for the first quarter ended June 2008.

Reflecting on the performance, Mr. Naveen Gupta, Managing Director, IEC Software Limited, said-

“We at present are consolidating our business operations which would results in substantial increase in both our top and bottom line. The results, of which are going to get reflected- starting next quarter of the current financial year. We are in the process of creating a unique business model in the education arena, once its is in place we confident of delivering a significant value to the varied stakeholders groups of ours.”

Corresponding Quarter Performance Q1 FY2008 – 09 v/s Q1 FY 2007 – 08

The Income from Operations increased by 110% to Rs.257.51 lacs from Rs.122.11 reported in the corresponding quarter.

The Profit After Tax increased by more than 7 times to Rs.70.40 lacs from Rs. 8.17 lacs reported in the corresponding quarter of the previous year.

The EBIDTA for the company during the present quarter increased by 230% to Rs.100.54 lacs from Rs.30.40 lacs reported in the corresponding quarter ended June 2007.

The Earning Per Share during the present quarter was at Rs.1 per share

Sequential Quarter Performance Q1 FY2009 v/s Q4 FY 2008

The Income from Operations increased by 50% to Rs.257.51 lacs from Rs.172.77 reported in the quarter ended March 2008.

The Profit After Tax increased by 34% to Rs.70.40 lacs from Rs. 50.95 lacs reported in the earlier quarter.

The EBIDTA for the company during the present quarter increased by 19% to Rs.100.54 lacs from Rs.84.61 lacs reported in the quarter ended March 2008.

The Earning Per Share during the present quarter was at Rs.1 per share as compared to Rs. 0.73 per share.

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