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Chennai, Aug 1

Zylog Systems Ltd, a Chennai-based software service provider, registered a 31 per cent increase in net profit to Rs 25.46 crore for the quarter ended June 30, 2008 compared with Rs 19.45 crore in the corresponding quarter last year. Revenues increased by 34 per cent to Rs 177.54 crore (Rs 131.84 crore). Mr Sudarshan Venkatraman, Chairman and CEO, Zylog, said that the EBIDTA margin for the first quarter was at 18.43 per cent due to increase in offshore revenue where the pro fit margins are more. This margin was registered despite the fact that the entire amount of Rs 4 crore incurred for visa processing for the current year had been booked as expenses in the first quarter and was paid in advance last year,” he said.

— Our Bureau

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