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Hyderabad, July 31 GSS America Infotech has short-listed a US company with revenues of about $100 million for acquisition and is in the process of conducting due diligence.

Announcing the company results, the company management said its managing director has been authorised to finalise the deal.

The company recorded a net income of Rs 108.55 crore with net profit of Rs 20.67 crore for the first quarter ended June 30, 2008 a growth of 14.41 per cent in revenue and 12.13 per cent in profit over the sequential quarter.

The Chief Executive Officer and Managing Director of GSS America, Mr Bhargav Marepally, in a statement, said: “A slew of initiatives taken, including infrastructure management services, are starting to show positive results. We hope to build on this success in the current fiscal.”

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