Megasoft
BSE: 532408 | NSE: MEGASOFT | ISIN: INE933B01012 | Computers - Software Medium/Small
- Directors Report
- Chairman's Speech
- Auditors Report
- Notes To Accounts
- Accounting Policy
- Finished Products
- Raw Materials
| Chairman's Speech | Year : Dec '05 |
Letter to Shareholders It gives us great pleasure to present to you the excellent performance and turn-around of your Company over the last twelve months. Entrepreneurial Spirit & Innovation, the two corner stones of Megasoft's continuing growth and success have enabled us to achieve a good financial performance in 2005. Our aim of achieving higher profitability by moving towards more and more domain centric & IPR led revenues has started yielding results with 116% growth in EBITDA, jumping from 15% in 2004 to 23% in 2005 with Telecom leading the way and contributing close to 58% of the overall segmental profits of the Company. Launch of new Products & Services and new clients in telecom has set a great foundation for the coming years and the future looks even more promising. In the telecom sector, your Company has come out with a path breaking and revolutionary Platform the XIUS VOISE (Virtual Operator Integrated Services Engine) that marks a paradigm shift in the telecommunication technology and service delivery. The Platform has already met with considerable success globally and the demand for the same is very encouraging. With the telecom industry witnessing a robust growth in demand world wide and increasing acceptance of Products & Services from Specialist OSS Vendors like us, the coming year should see a sharp growth in high margin Telecom revenues. Your Company has stepped up its marketing and sales efforts into mature & developed markets with special focus on North American and European markets. The acquisition of BEAM AG, Germany in September 2005, should further boost the Company's sales efforts in continental Europe The Company is continuing with strong R&D focus and has sharply expanded its manpower and expenditure in telecom R&D and plans to invent, develop & launch many new technologies and cutting edge applications in the fast growing Convergent OSS infrastructure & Inter-operability segments in the coming months and years. Your Company has made some strategic moves in the Life Sciences Practice, with a new look sales team in USA and re-aligning of its products Et services portfolio. The team has plans for aggressive growth starting this year and the management is confident of showing robust performance improvement in this fledgling area. Stability of the Management Team and low attrition levels has been another hall mark of your Company in 2005, as it continues to add new team members at all levels in India and its overseas offices. Today's Megasoft is a multi-cultural melting pot and is fast becoming a truly transnational company, with a global work force. We will continue to strive to implement strong HR practices with an aim to become one of the most preferred employers globally in our field of operations. With revenues at Rs 1154 million and net profit of Rs 201 million the Company has had a great growth year in 2005 and this has led to a favourable impact on the valuation of your Company and our stock prices have increased significantly over the last 12 months. We take this opportunity to once again thank the Shareholders for the continued faith and support in your Company. Chennai Ravindra Sannareddy G V Kumar 22 February 2006 Chairman Managing Director |
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| Source : Religare Technova | |
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