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Our Bureau

Chennai, Jan. 24

Saksoft Ltd, a provider of software to banks and financial institutions, has recorded consolidated revenues of Rs 32.06 crore for the quarter ended December 31, 2006, up over 2.5 times the revenues of Rs 12.63 crore for the corresponding period in the previous year.

Net profit has gone down 79 per cent to Rs 52.4 lakh (Rs 2.57 crore). Saksoft had acquired the UK-based Acuma Group for its high-end consulting skills. Standalone revenues rose 38 per cent to Rs 9.87 crore (Rs 7.15 crore), while net profit increased 10 per cent to Rs 2.85 crore (Rs 2.57 crore). The company added five new customers. Its board has approved the setting up of a subsidiary in Australia. The company has also won its first order for its Business Intelligence product, Veri-sens, in the Chinese market.

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