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Mumbai April 27 Paradyne Infotech Ltd said its fourth quarter net profit for the fiscal increased nearly four-fold to Rs 9.28 crore, against Rs 1.94 crore in the corresponding year-ago quarter. Revenues rose by 217 per cent, to Rs 73.73 crore (Rs 23.23 crore).

For the fiscal ended March 31, 2007, the company's net profit rose 163 per cent to Rs 19.61 crore (Rs 7.45 crore).

Net revenues rose 92.4 per cent to Rs 168.47 crore (Rs 87.56 crore).

Paradyne's performance in FY 07 is a result of its strong customer focus, building competencies and strategic acquisition, said Mr Annand Sarnaaik, Chairman & Managing Director, Paradyne Infotech.

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