Net4 India profits zoom 84 p.c. for FY11

NEW DELHI, INDIA: Network and Application services provider Net4 India said on Monday that it made a net profit of Rs. 21.13 crore for the financial year ended March 31, 2011. This is up 84 per cent compared to the previous year.

The consolidated sales for the year was up 56 per cent at Rs 304 cr while EPS grew 63 per cent to Rs 10.84, said a press release.

For the fourth quarter ended March 31, consolidated revenue grew by 53 per cent from Rs. 60 crore to Rs. 92 crore YoY, while the PAT grew by 79 per cent from Rs. 3.3 crore to Rs. 5.9 crore.

Announcing the results, Jasjit Sawhney, CMD, Net4 India Ltd, said, “We are extremely pleased with our performance this year. This has been achieved as a result of growth across all our service offerings.”

He also said that the new data centre facility of Net4 India in Chennai is going ahead full steam and will be ready for occupation by the last quarter of this financial year.

“We are seeing robust demand in the Data Centre and Cloud server space. We have added 300 customers in less than 6 months for our cloud server services and the momentum is getting stronger every month,” Sawhney pointed out.