Megasoft Limited, today announced its audited financial results for the year ended December 31, 2007. The Company posted a Rs. 2972 million as revenues and Rs.560 Mn profit after tax for the year ended December 31, 2007, compared to revenues of 1783 Mn and net Income of Rs 326 Mn in the previous year. Income from operations for the year ended 2007 was Rs. 1992 million. Megasoft follows the January~December calendar.

Product Revenues grows by 109% to Rs. 1448 Mn

XIUS-bcgi, Telecom practice, the biggest growth driver for the Year

Signs large Telecom deal with ASPIDER Europe

Launches INergy, an intelligent network (IN) offload solution

Zain (Bahrain) deploys XIUS-bcgi’s “Insta Roam” Roaming Solution for its 36 + Million subscribers

Bcgi integration with Megasoft completed.

EBIDTA Margin improves from 25.93% to 32.97%

Financial HIGHLIGHTS for the year 2007 :

12% Dividend declared.

Revenues of Rs.2972 Mn and Net income of Rs. 560 million for the year as compared to Rs.1783 Mn and net income of Rs.326 Mn for the previous year making it a significant year of growth.

Earnings per share increased to Rs.12.65 as compared to Rs.9.31 for the previous year; growth of 38 %.

Share of Telecom revenues increased from 39% on total income in the previous year to 49% for the current year.

Financial Highlights for the Q4 of 2007

Revenues of Rs.952 Mn and Net income of Rs.182 Mn for the quarter as compared to Rs.618 Mn and net income of Rs.77 Mn for the same quarter of the previous year registering a revenue growth of 54% and income growth of 136%.

Revenues up by 24% and Net income up by 12% compared to last quarter.

Share of telecom revenues up from 37% in Q4 ’06 to 60% in Q4 ‘07.

The result reinforces the strength of our business model. 2007 has been a year of tremendous changes and new business growth for Megasoft in spite of uncertain and volatile market conditions. The acquisition of bcgi has added high quality long term revenues to the company as well as a strong Management team for its telecom division. We expect an accelerated growth in telecom products area as we intend to expand into new product lines and geographies.” said Managing Director & CEO, GV Kumar.

Sourced From: Adfactors Public Relations Pvt Ltd

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