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Logix Microsystems Q3FY08 net profit up by 87%

This article was posted on Feb 1, 2008 and is filed under Press Releases

BSE & NSE listed Logix Microsystems is a leading global software products company focused on automotive e-retailing solutions, has reported significant growth in revenue and profits for the quarter ended December 31, 2007.

During the quarter, the company posted a growth of 37 per cent in net sales at Rs. 12.02 crore as compared to Rs 8.77 crore in the corresponding quarter previous year. Net profit for the quarter stood at Rs 4.42 crore, an 87 % rise over Rs 2.36 crore in the corresponding quarter previous year.

Commenting on the results, Mr Sanjay Soni, Managing Director, Logix Microsystems Ltd., said, “The results are yet another affirmation of the strong positive response to Logix Products, Platforms, Services, and Solutions in the U.S. Automotive Retail Segment.”

Logix has also been listed in the Deloitte Technology Fast 500 Asia Pacific 2007. It has a ranking of No. 374.

Sourced From: Paradigm Shift Public Relations

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