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Patni Q2 revenues up 36 p.c.

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CIOL Bureau
New Update

BANGALORE: Patni Computer Systems Ltd, a global IT services provider, today announced its financial results for the second quarter ended June 30, 2005.

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The company reported 6.3 percent increase in net revenue to Rs. 621.46 million ($14.28mn) compared to Rs 618.07 million ($13.44 mn) registered during the corresponding quarter a year ago.

The gross profit for the second quarter stood at Rs 1,624.74 million ($37.34mn), up 18.6 percent. The operating income during this period rose 3.1 percent to Rs 662.77 million ($15.23mn).

During the second quarter, revenues grew 36.3 percent to Rs 4,730.22 million ($108.72mn).

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