CALSOFT Q1 revenue growth at 10%,PAT 14% YoY

California Software company Limited (Calsoft) (BSE:cali.bo, NSE:cali.ns), today announced that its Board of Directors had taken on record and approved the un-audited financial results for the 1st quarter of financial year 2008-09.

Topline Growth

Total Consolidated revenues for Q1FY09 were Rs.59.14 Crores, reflecting a 10% growth over the revenues in same quarter last fiscal (Rs. 53.95 Crores).

PAT growth

For Q1 FY09, the consolidated Profits after Tax of Rs.2.48 Crores show a growth of    14% over the corresponding quarter in the previous fiscal (Rs.2.18 Crores).  Consolidated Earnings per share (basic) for the quarter stands at Rs.2.01

Business Highlights-for the quarter ended 30th June 2008.

• The sales revenues split up was as follows:
• Segment-wise: Enterprise Solutions-  59 % Calsoft Labs-41 %
• Geography: N.America- 65   % Europe-  23  % Asia-Pacific Region including India-12 %.
• There were 1038 employees as on the quarter end. 

Commenting on the results, Mr.S.Santhosh, CEO, calsoft said, " The results for the first quarter are positive considering the difficult global business scenario.  Our growth in revenues has been primarily due to a increased growth across our SBU's and  increased sales in the European market".

Current Year Prospects and Outlook (2008-09)

The outlook for 2008-09 looks promising.  The company proposes to continue its growth planned on a combination of organic growth coupled with synergistic acquisition strategy of products & service companies in related domains that will bring in overall value to the company as well as its offerings to the customers.

Sourced From: Hanmer MS&L Communications Pvt. Ltd