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Bangalore Jan. 24 Sasken Communication Technologies has reported a consolidated net profit of Rs 11.87 crore on revenues of Rs 131.02 crore for the quarter ended December 31, 2006 as compared to a net loss of Rs 1.99 crore on revenue of Rs 66.26 crore in corresponding quarter last year.

On a sequential basis, net profits were flat while revenues grew by 11 per cent over quarter ended September 2006. Sasken shares ended flat on the BSE at Rs 538.90 after touching an intra-day high of Rs 550.

The company added 11 new customers during the quarter; a total of 76 active customers during the year. Sasken added 139 employees on a net basis during the quarter to increase its total employee strength to 3,512. Top five customers accounted for 81 per cent of revenues, while top 10 customers contributed 89 per cent.

The consolidated forex-hedged position on December 31, 2006 was $56.1 million. The subsidiary in Mexico has turned profitable for the ine months ended December 31.

"We held our gross margins at 22.9 per cent in Q3, despite the adverse impact of the currency," said Mr Rajiv Mody, Chairman and CEO.

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