Kshema’s Q3 revenues jump 184%

BANGALORE: Kshema Technologies of Bangalore has seen its

revenues increase by a steep 184 per cent for the quarter ended December 31,

2000 to Rs 16.6 crore as against Rs 5.8 crore during the corresponding quarter,

a release said. Net profit for the quarter shot up by 196 per cent to Rs 5.11

crore from Rs 1.73 crore in the year ago period. Revenue for the nine month

period ended December 2000 is Rs 41.6 crore. Net profit for the nine months

period shot up to Rs 10.25 crore.

For the quarter under review, converging communications

accounting for 43 per cent of its revenue, information technology 16 per cent

and healthcare 17 per cent. The company has added six new customers this quarter

and increased its employee strength from 457 to 530.

Talking about the company’s focus on bioinformatics, Kshema

president and CEO Anant Koppar said, "Kshema has the capabilities and

maturity to play a major role in bioinformatics. We can design databases that

are capable of handling the deluge of information generated by any commercial

bioinformatics process."