Financial Daily from THE HINDU group of publications
Friday, Sep 26, 2003
Financial Daily from THE HINDU group of publications Friday, Sep 26, 2003 |
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Info-Tech
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Financial Performance neoIT income up 194 pc Our Bureau
Bangalore , Sept. 25 NEOIT'S success in helping companies maximise returns from offshoring has made it one of the fastest growing companies in the offshore advisory and management industry. Since 1999, the company has logged $1 billion in offshoring engagement value on behalf of its clients. Besides, it also successfully facilitated over 75 offshore engagements during the period. The company expects to manage over $1 billion in contracts in calendar 2003. For neoIT's fiscal year 2003 ended June 30, it achieved revenue growth of 194 per cent, comparable to growth for fiscal 2002.neoIT attributes its success to the increased movement of BPO and IT services to offshore markets and the resulting need for advisory and management services. "Helping our customers achieve offshoring success is the key to neoIT's positive results and is an indicator of our growth prospects," said neoIT CEO, Atul Vashistha.
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