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Kshema Tech net up 33 per cent

Kshema Technologies has reported a rise of 33 per cent in net profit and 148 per cent in revenue for the quarter ended June 30, 2000.

The company has posted a net profit of Rs. 1.42 crores on a turnover of Rs. 9.66 crores for April-June 2000 over the corresponding previous period's net of Rs. 1.07 crores on turnover of Rs. 3.89 crores.

The company has added 24 new customers to its list of clients during the quarter. e-business accounted for 29 per cent of the company's revenues and it registered a growth of 96 per cent as compared to the previous year. US accounted for 84 per cent of the company's business while European sales increased to 11 per cent.

Mr. Anant Koppar, President and Chief Executive Officer, Kshema Technologies, said, ``We have established a strong marketing presence in the US with a very large team in Virginia. We are extremely happy to make our presence felt not just in the US but al so in other geographies.'' -- Our Bureau