ASM Tech profit up 11.4%

Bangalore based, ASM Technologies, a global IT services provider announced its financial results for the quarter ended June 30, 2014. The company posted revenues from operations of Rs 2,794 lakh up 14.5 per cent year-on-year. Net profits were up 11.4 per cent sequentially at Rs 282.8 lakh and EBIDTA stood at Rs 546.3 lakh up 91.4 per cent year-on-year. Earnings per share for the quarter was Rs 5.66. The publicly held company provides consulting services in Business Systems, Engineering Services, IT Infrastructure Services and Technology Solutions. With a team size of 900 employees, the company has operations in the US, Singapore, UK and India and serves several Fortune 500 companies.