Tanla Q3 net at Rs 43-cr

HYDERABAD, INDIA: Telecommunications software and services provider Tanla Solutions Ltd today reported an increase of net profit by 87.80 per cent to Rs 43.27 crore for the third quarter ended on December 31, 2007, from Rs 23.04 crore posted for the same quarter previous year.

The total revenues of the company stood at Rs 124.03 crore, up 118.55 per cent when compared to Rs 56.75 crore reported for the corresponding quarter previous year.

Uday Reddy, chairman and MD, Tanla Solutions, said, “We are satisfied with our Q3 FY 08 results and happy to notice a further increase in our market share for premium aggregation services and mobile applications. We have added new accounts this quarter and are experiencing a strong demand for our services from different vertical markets.”

“The mobile sector is entering into a new and interesting phase of market growth and Tanla Solutions is actively contributing to and benefiting from this market expansion. There are three important factors which will continue to fuel growth in this sector,” Reddy said.

“The introduction of high bandwidth mobile internet services, 3G and multimedia handset capabilities in developed European and American markets, the continued subscriber growth in developing Asian, African and Latin American markets and the convergence of digital media, the internet and mobile is creating an enormous opportunity for companies to develop completely new business models, channels and services,” he added.

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