Financial Daily from THE HINDU group of publications
Wednesday, Apr 27, 2005
Financial Daily from THE HINDU group of publications Wednesday, Apr 27, 2005 |
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Corporate Results
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Software Info-Tech - Financial Performance VisualSoft Q4 net dips to Rs 7 crore Our Bureau
Hyderabad , April 26 DESPITE achieving a significant growth in total income, VisualSsoft Technologies Ltd has suffered a fall in net profit for both the quarter and fiscal ended March 2005. On a total income of Rs 51.44 crore for the quarter, it posted a net profit of Rs 7.02 crore as compared to a net profit of Rs 8.52 crore on an income of Rs 42.03 crore in the corresponding quarter of previous fiscal. For the fiscal 2004-05, the company has posted a net profit of Rs 28.32 crore on a turnover of Rs 192.87 crore compared to a net profit of Rs 37.56 crore on an income of Rs 155.56 crore in the previous fiscal. In a press release here, the company said it continued to get majority of its contribution from the US markets. Technology solutions have been the key focus, which continued to generate profitable revenues. The company said it has established credentials in the global markets as a high-end technology solutions provider over the past twelve quarters. At present, the company has 16 such strategic accounts and it proposes to focus on increasing this number substantially during the next fiscal, the release said.
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