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© Copyright 2012

Geodesic declares Quarter and Annual Financial Results 2010

Geodesic is an innovator in software products focused on Information, Communication and Entertainment for mobile phones and desktop computers. Geodesic's Mundu suite of award-winning products includes solutions for Instant Messaging, Voice-over-IP and Internet Radio. The company is listed on the National Stock Exchange and Bombay Stock Exchange in India. Geodesic has offices in Mumbai and Bangalore in India, USA (Silicon Valley), UK, Sweden, Mauritius, Germany and Hong Kong.

Financial Highlights for the fourth quarter ended March 31, 2010

• Geodesic reported revenues of Rs 174.72 crore.
• Geodesic reported profit of Rs 69.44 crore, an increase of 4% as compared to the consecutive quarter last year.
• EPS stands at Rs 7.53.
• The Board of Directors approved a 5% buy back of Geodesic shares at a price of Rs.150.00 per share.

Financial Highlights for the twelve months ended March 31, 2010

• Geodesic reported revenues of Rs 644 crore
• Geodesic reported profit of Rs 248 crore
• EPS stands at Rs 26.88

Business Highlights

• The company has added diverse customers during the fourth quarter in the space of communication, collaboration, financial products and services including Axis Direct, US based financial aggregator and a large financial services company based out of Asia.
• Geodesic signed an agreement with Dialog Telekom, Sri Lanka’s largest mobile carrier with over 6 million subscribers to provide ‘Music Station’ built on Geodesic’s Mundu Radio platform to its subscribers.
• Geodesic through its subsidiary Interactive Networks Inc. launched IM for Telcel, Mexico’s largest Telecom operator

http://www.geodesic.com/investor_new/pdf/QuarterlyResults/Geodesic_2010.pdf

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Posted by Guru's Pick on Wednesday, July 07, 2010 8:37 PM
     
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