Kshema’s rev grows 26%

BANGALORE: Kshema Technologies recorded revenues of Rs 15.80 crore in the quarter ended 30 September 2002, indicating an increase of 26 per cent over revenues of Rs 12.51 crore for the quarter ended 30 September 2001. Net profits grew from Rs 1.83 crore in the first quarter of fiscal 2003 to Rs 3.19 crore in the second quarter of the same year, showing a growth of 20 percent.

Income grew by 20 percent to reach Rs 29.37 crore in the half year ended 30 September 2002 as compared to Rs 24.39 crore in the corresponding half year in the previous year. Net profits for the same period grew by 215 percent to end at Rs 5.02 crore for the current half year as against Rs 1.59 crore posted during the same period last year.

Kshema, in a media release, said it owes its profit margins to an effective corporate strategy that underlines better utilization of staff and keener control of costs. It attributes the company’s flexible and mature business model that ensures healthy corporate performance in the tough market situations. It added 20 new customers in the half year.

Kshema Technologies, CEO, Anant Koppar, said, "We have been able to foster successful projects with our mature quality processes, technical sophistication and a capability to make optimal business decisions. We’ve practiced good governance procedures and remained transparent which has not just held us high in our customers’ minds, but has also been instrumental in getting us repeat business. Kshema has been adjudged the ‘19^th Best Employer’ by Dataquest which is tribute to our management proficiency"

Executive Vice President, Sales and Marketing, Kris Nair, said, "Innovation is a key differentiator in today’s marketplace. It drives business growth and paves the way for the next generation of technology and business solutions. We continue to work closely with our clients, strategic partners and academic alliances to develop creative ideas that shape the next wave of services and solutions."