Sasken Q1 net grows 81 p.c. 

By : |July 20, 2006 0



BANGALORE: Sasken
Communication Technologies Limited
(Sasken), a telecom R&D outsourcing
firm, has reported a Y-o-Y 81 per cent growth in net profit to Rs 8.65 crore
from Rs 4.77 crore.

The consolidated revenues for the quarter ended June 30, 2006 stood at Rs. 91.12
crore, up 35 per cent from Rs 67.74 crore reported for the same period last
year.

On a sequential basis, the revenues of the company grew 17 per cent (Rs 78.05
crore in Q4 FY06) and profit after tax grew by 38 per cent (Rs 6.29 crore in Q4
FY06).

Commenting on the performance, Rajiv Mody, chairman and CEO, Sasken, said,
"We have had a good start to the new financial year. Both in sequential and
corresponding quarter terms, our topline and bottomline performance has been as
expected. Specifically on the services side, we have recorded an annual growth
rate of 40 per cent and a sequential quarter growth of 19 per cent. Products
continue to be on track, and we expect handsets containing Sasken IP to start
shipping from November 2006."

"The acquisition that we made in April (iSoftTech, Chennai) has added a new
centre, and a new set of capabilities for us; the integration activities on this
front continue smoothly as per plan. We also launched a new Test Lab offering,
which is the first of its kind in India," he added.

© CyberMedia News

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