IT firm Intellect Design Arena today narrowed its consolidated net loss to Rs 5.52 crore for the June quarter compared to a loss of Rs 11.11 crore in the year-ago period.
The Chennai-based firm saw revenues grow 6.6 percent to Rs 205.8 crore in the reported quarter from Rs 192.92 crore in the April-June 2015 quarter.
During the June 2016 quarter, Intellect received 12 deals, including two large transformational digital wins, Intellect said in a statement.
The current funnel (active pursuits) is around USD 470 million, out of which USD 404 million is accounted for by 263 opportunities, it added.
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