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Follow UsBANGALORE, INDIA: Allsec Technologies announced results for its first quarter ended June 30, 2007 on Monday.
Gross revenue for the Quarter ended 30 June 2007 was Rs.2,699.45 Lakhs against Rs.2,875.78 Lakhs for the Quarter ended 30 June 2006 recording a marginal negative growth of 6%. However, in dollar terms the revenue for the quarter ended 30 June 2007 is higher by 5% compared to quarter ended 30 June 2006.
Profit after taxes was at Rs.457.37 Lakhs against Rs.677.78 Lakhs recording a downward movement of 32%. The decline in revenue and profitability is mainly on account of appreciating rupee.
On a sequential basis, gross revenue was Rs. 2,699.45 Lakhs, 5.5% lower over the previous quarter ended March 2007 (Rs 2,856.78 Lakhs).
However, in dollar terms the revenue for the quarter ended 30 June 2007 is marginally higher compared to previous quarter. Profit after taxes at Rs.457.37 Lakhs was lower by 34.62 % (compared to Rs.699.27 Lakhs of previous quarter) quarter over quarter sequentially.
New facility at Trichy:
Allsec is setting up a new 200 seat facility at Trichy which is expected to become operational in Q2 of 2007-08. The new facility is expected to bring additional manpower and will meet the growing demands of the existing customers and the prospective client additions.
Allsec Integrated Management System ISO 27001:2005 compliant
The quality and security of our information and information systems form a core part of our business, and is our top priority. Our certifications on ISO 9001:2000 and ISO 27001:2005 are supportive of our compliance and continual improvement efforts that provide our customers with a corporate statement of compliance on our data security programs and quality management system. Allsec was certified for ISO 9001:2000 in the year 2002 and for ISO 27001:2005 in July 2006.
Allsec has been consistently demonstrating compliance to these standards and has been recommended for continuation of the certification through surveillance audits conducted during 9th and 10th July 2007.