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Mastek Reports Q4 2010 Financial Results

Mastek is a publicly held (NSE: MASTEK; BSE: 523704) leading IT player with global operations providing enterprise solutions to insurance, government, and financial services organizations worldwide. Mastek operates across US, Europe, and Asia Pacific regions. Incorporated in 1982, Mastek has been in the forefront of technology, which along with proven methodologies and processes, increase IT value generation to its customers through onsite and offshore deliveries.

Business Highlights

•Earnings performance reflects significant foreign exchange impact
•12-month order book expands to Rs 306 crore
•Wins new insurance deal in North America for Elixir platform
•Board recommends final dividend of Rs 1.25 per share
•Total Income for FY 2010 at Rs 722 crore, PAT at Rs 68 crore, EPS at Rs 25.2
•Total dividend recommended for the year at Rs 3.25 per share

On a quarter-on-quarter basis

•Total income for the quarter under review was Rs 165.1 crore representing a decline from Rs 172.2 crore in the preceding quarter
•The company registered an EBITDA of Rs 7.7 crore compared to Rs 27.1 crore in the preceding quarter
•PAT for the quarter stood at Rs 2.5 crore compared to Rs 15.3 crore in the preceding quarter

http://www.mastek.com/press-release/investors/mastek-aprjun-quarter-total-1747.html

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Posted by Guru's Pick on Wednesday, September 29, 2010 2:32 PM
     
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