Calsoft declares revenue higher in H1 by 14.3%

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California Software Company Limited (Calsoft), today announced that its Board of Directors had taken on record and approved the un-audited financial results for the 2nd quarter (Q2) and First half year (H1 FY09) ended 30^th September, 2008 of financial year 2008-09(FY09).

 

Healthy Topline Growth

• Consolidated revenues for H1 FY09 were Rs. 130.12crore, reflecting a 14.3% growth over revenues in corresponding half-year last fiscal (Rs.113.89 crore).
• Consolidated revenues for Q2 FY09 were Rs.70.98 crore, reflecting a 18.4% growth over the revenues in corresponding quarter last fiscal (Rs.59.94   crore).

Profit and EPS

·         For H1 FY09, the consolidated Net Profits after Tax (PAT) stands at Rs. 0.81 crore­

·         Operating expenses for H1 FY 09 were Rs 121.47 Crore, higher than the corresponding period for FY 2007 by 18.9%

·         Depreciation and Amortization for H1 FY 09 were Rs.5.32 Crore, higher than the corresponding period for FY 2007 by 204%

·         Financial charges for H1 FY 09 were Rs 2.75 Crore, higher than the corresponding period for FY 2007 by 231%

·         Consolidated Earnings per share-basic (EPS) for H1 FY09 is Rs 0.65.

 

Business Highlights - for Q2 and H1 ended 30th Sept 2008

 

The split up of H1 sales revenues is follows:

o        Segment- wise:

o        Enterprise Solutions (inclusive of commodities solutions) -63%

o        Product Engineering Services (Technology solutions) - 37%

o        Geography:

o        N. America - 72%

o        Europe & UK -21%

o        Rest of the world including India - 7%

 

Commenting on the results, Mr. Sam Santhosh,CEO, Calsoft said, ".The company has plans for increased growth momentum through a prudent and focused acquisition strategy that brings good business synergy." 

 

Sourced From: Hanmer MS&L Communications Pvt. Ltd