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Datamatics Net Grows 400%, Revenue at Rs 226 million

Jul 29, 2008 10:00:00 AM

Mumbai, July 29, 2008: Datamatics Technologies Limited (BSE: 532528, NSE: "DATATECH") announced the results for the Q1FY09 ended 30 June 2008. Net profit for the period has gone up to Rs 60.27 million, up 400% from Rs 15.88 million reported in Q1FY08.

The company earned an income of Rs 226.30 million in the quarter, up from Rs 148.67 million earned in the same quarter in 2008-08, up 52.21% y-o-y. Employee cost was at Rs 98.32 crore, up from Rs 81.22 crore recorded in Q1FY08.

The consolidated revenue for the quarter stood at Rs 427.54 crore, up from Rs 348.96 crore last year.

"The encouraging results are a result of our customers continuing to invest in technology as a strategic tool and to improve operational efficiencies in spite of the difficult macro-economic conditions. Also, some of the new customer segments that we targetted in the previous quarters have started converting into business this quarter," said Rahul Kanodia, Vice Chairmand and CEO, Datamatics Technologies Limited.

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