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

Oct 28, 2009, 10:00:00 AM

Mumbai, October 28, 2009: 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.

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