Datamatics Q2FY10 Consolidated Net Profit Grows 24.21%, Income at Rs. 643.55 million

28 October 2009, Mumbai: Datamatics Global Services Limited (BSE: 532528; NSE: DATAMATICS) announced the results for the Q2FY10 ended 30 September 2009. Net profit for the period has gone up to Rs. 71.42 million, up 24.2% from Rs. 57.5 million reported in Q2FY09.

The company earned a consolidated income of Rs. 643.55 million in the quarter, up from Rs. 401.14 million earned in the same quarter in 2008-09, up 60.43% y-o-y.

For 1HFY10 ended 30 September 2009, the company earned a net profit of Rs. 113.64 million on income of Rs 1280.08 million.

“The global business environment during the first half of this financial year has begun to show signs of improvement. In addition, our increased focus on key account management and end-to-end integrated, intelligent business solutions have led to higher customer interest in our solutions and services. We are prepared in all respects to deliver the optimum solutions to solve our customers' business pain-points and be a value-added partner in their growth,” said Rahul Kanodia, Vice Chairman and CEO, Datamatics Global Services Limited.

“During this period, many organization-wide initiatives such as employee and cost rationalization and Six Sigma helped us in containing our operational costs. Also, the exchange rates of the Indian Rupee and many currencies worldwide was extremely volatile, and we took measures to ensure minimum impact due to this volatility,” added Kanodia.

About Datamatics Global Services Limited:

Datamatics Global Services Limited is a global provider of intelligent, value-driven technology and business solutions. These solutions span IT consulting, business process transformation, off-the-shelf technology solutions and customized software services. They leverage our proven expertise in developing technology to drive business efficiency and productivity. The company’s international clients have included top 25 Fortune 500 companies. Datamatics is certified for ISO 9001-2000, ISO 27001 and SAS 70, and has been assessed at SEI CMMi – Level 5 (QAI), P-CMM – Level 5 (QAI). Datamatics is the First & Only Indian Services Company to win the International Asia Pacific Quality Award.

For editorial enquiries, contact:

Brian Lobo
Senior Vice President, Corporate Communications
Datamatics Global Services
Email: brian.lobo@datamatics.com
Tel: +91 (22) 6102 0923, +91 (22) 6102 0933

Safe Harbour:

Some of the statements in this update that are not historical facts are forward-looking statements. These forward-looking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concerning our business and the markets in which we operate. These statements are based on information currently available to us, and we assume no obligation to update these statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from these forward-looking statements. These risks include, but are not limited to, the level of market demand for our services, the highly-competitive market for the types of services that we offer, market conditions that could cause our customers to reduce their spending for our services, our ability to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and market conditions in India and elsewhere around the world, and other risks not specifically mentioned herein but those that are common to industry.