i-flex Q2 net down 16%

NEW DELHI: Banking software solutions major, i-flex solutions ltd has posted a net income of Rs 41.7 crore for the second quarter ended September 30, 2004 as compared to a net income of Rs 49.8 crore for the quarter ended September 30, 2003. This represents a decline of 16.2 percent.

According to the Indian GAAP, the revenue for the company, one of the top 20 software exporters in India, has increased from Rs 187 crore in the quarter ended September 30, 2003 to Rs 255.8 crore for the quarter ended June 30, 2004. A growth of 21 percent annually.