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Mumbai, May 6

i-flex Solutions, which is majority owned by Oracle Corporation, has posted a 39.5 per cent surge in quarterly net profit for March 2008 to Rs 184.8 crore against Rs 132.4 crore for the corresponding quarter during the previous year. Net revenues for the quarter were up 11.7 per cent at Rs 671.5 crore (Rs 601.1 crore). For the fiscal ended March 2008, i-flex`s net profit was up 11.6 per cent at Rs 415.6 crore against Rs 372.3 crore reported a year ago. Total revenue has increased by 15.4 per cent to Rs 2,380.2 crore (Rs 2,060.9 crore). The i-flex scrip was up by 0.32 per cent to close at Rs 1,349.55 on the BSE today.

— Our Bureau

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