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Quintegra’s posts net profit up by 20.40% at Rs 2.18cr

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

Quintegra Solutions Ltd., (NSE: Quintegra; BSE: Quintegra, Scrip Code: 532866), a leading provider of software solutions and services, has announced its financial results for the nine months ended 31 December 2007.

Standalone III Quarter

On a standalone basis, the Company has recorded a top line growth of 23.30% for the third quarter ended 31 December 2007. The Company’s stand alone revenue for the third quarter ended 31 December 2007 stood at Rs. 21.37 Crores as against Rs. 17.33 Crores for the corresponding period of the previous year. The Net Profit for the Company on a stand alone basis for the third quarter ended 31 December 2007 was Rs.2.18 Crores as against Rs. 1.81 Crores for the same period during the previous year posting a whopping increase of 20.40%.

Consolidated Nine Months

On a consolidated basis, the Company has recorded a top line growth of 519% for the nine months ended 31 December 2007. The Company’s consolidated revenue for the nine months ended 31 December 2007 was Rs. 285.96 Crores as against Rs. 46.18 Crores for the corresponding period of the previous year. The Net Profit for the Company on a consolidated basis for the nine months ended 31 December 2007 was Rs. 29.63 Crores as against Rs. 4 Crores for the same period during the previous year posting a whopping increase of 639%.

Business Highlights

Mr. Shankarraman Vaidyanathan, Chairman & Managing Director, Quintegra Solutions Limited, says “During the Quarter, we have successfully completed the acquisition of PAC Inc, USA and integrated with our operations. Our Global Revenue and profits have grown substantially. The acquisition has also helped us to add fortune 500 companies as our clients. The acquisition has helped us to deepen our offering in the BFSI segment”

“During the quarter the Company has also opened two more subsidiaries, one in Saudi Arabia for Middle East market and one in African market to service our existing clients. We are revamping our organizational structure and bringing in certain senior management personnel from leading IT Companies. The new management team will help our company to accelerate and support our current growth plans” Mr. Shankarraaman’ said.

Sourced From: Sampark Public Relations Pvt Ltd

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