TAKE Solutions Q4 net rises 68%

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TAKE Solutions Ltd has reported a consolidated net profit of Rs 20 crore for the fourth quarter ended March 31, 2011, a 68 per cent growth over the same period last year. Revenue increased by 51 per cent to Rs 151 crore.

For the year ended March 31, 2011, the consolidated net profit for the Chennai-based provider of supply chain management and life sciences information technology products increased by 116 per cent to Rs 70 crore while revenue went up 38 per cent to Rs 506 crore.

The company's board of directors has recommended 100 per cent dividend for the fiscal 2011.

Mr. S. Sridharan, Managing Director, TAKE Solutions, observed that it was good to see the resurgence in investment on IT space globally resulting in the rise in demand, which has been the key driver to the company's performance.

(This article was published on May 30, 2011)
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