• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai, July 27 The Mumbai based IT services provider Patni Computer Systems Ltd has posted a net profit of Rs 120.69 crore — on a standalone basis (according to Indian GAAP) — for the second quarter ending June 2007 compared with a loss of Rs 17.13 crore posted during the corresponding quarter of the previous year. Total income during the quarter under review rose 39.4 per cent to Rs 357.43 crore (Rs 256.34 crore), Patni said in a filing with the BSE.

Consolidated net profit stood at Rs 148 crore compared with a loss of Rs 93 crore reported in the year ago quarter. Total revenues increased by 12.4 per cent to Rs 735 crore (Rs 654 crore).

“Effective hedging of our foreign currency exposures enabled us to neutralise the negative foreign exchange effect for the quarter besides overall control of operating metrics and costs. We continue to make organic and inorganic investments in our business for long-term profitable growth,” said Mr Surjeet Singh, Chief Financial Officer, Patni.

More Stories on : Financial Performance | Software

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Walt Disney arm in talks with more mobile carriers

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line