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3i Infotech announced operating results for fourth quarter and financial year ended March 31, 2010

3i Infotech is one of India’s leading IT companies. The Company provides software products, IT services (Managed IT Services, Application Software Development & Maintenance, Payment Services, Business Intelligence, Document Imaging & Digitization, Operations Outsourcing and IT Consulting) and BPO services for the BFS, Insurance, Manufacturing / Auto, Healthcare / Life Sciences and Retail & CPG Industry.  The Company services customers in over 50 countries across 5 continents. The Company's quality certifications include SEI CMMI Level 5 for Software business, ISO 9001:2000 for BPO, ISO/IEC 27001:2005 for Data Center Operations and ISO/IEC 20000-1:2005 for Data Center Management Services.

FINANCIAL HIGHLIGHTS

Consolidated results for the quarter ended March 31, 2010

• Revenue for the quarter is USD 137.41 Million, a growth of 3.6% from the corresponding quarter of the previous year. On a sequential basis, growth has been 5.1%.
• Profit before interest, depreciation & tax (PBIDT) grew by 4.3 % to USD 27.84 Million as compared to the corresponding quarter of the previous year
• Profit after tax and before exceptional items and impact of discontinuing operations is at USD 18.31 Million, as against USD 13.19 Million in the corresponding quarter of the previous year
• Earnings per share (EPS) before exceptional items is at Rs. 4.77 as compared to Rs. 4.80 in the previous year

Consolidated results for the year ended March 31, 2010

• Revenue for the year is USD 517.07 Million representing a YoY growth of 7.1%
• Profit before interest, depreciation and tax (PBIDT) grew by 11% to USD 105.38 Million over the previous year
• Profit after tax and before exceptional items and impact of discontinuing operations is at USD 55.70 Million, as against USD 58.17 Million for the previous year
• Earnings per share (EPS) before exceptional items is at Rs. 17.21 as compared to Rs. 19.02 in the previous year. The decline is mainly due to the additional shares issued pursuant to the QIP done by the Company in September 2009

http://www.3i-infotech.com/showcase/financials/fy10/q4/pr_financial_q4fy10.pdf  

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Posted by Guru's Pick on Saturday, June 26, 2010 3:38 PM
     
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