SSI to consider restructuring

MUMBAI: Computer education and software services firm SSI Ltd. said on Friday

its board will meet on July 19 to consider restructuring operations into

independent lines of business.

The Chennai-based firm had indicated in April it was considering to spin of

its education business given the continuing decline in revenue and margins. The

revenue of the education business slipped 33 per cent in January-March from the

preceding quarter while operating margin fell to 2.5 per cent from 12.2 per

cent.

India's computer education firms which supply skilled manpower to feed its

software services industry, faced much negative sentiment as the tech sector was

rerated in the stock and job markets following the dotcom bust, the economic

slowdown and its impact on technology spending.

(C) Reuters Limited.