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Last Updated : May 12, 2011 04:33 PM IST | Source: CNBC-TV18

Logix Microsystems targets 40-50% profit growth in FY12

In an interview with CNBC-TV18, Sanjay Soni, MD, Logix Microsystems spoke about the latest happenings in the company and the road ahead.


In an interview with CNBC-TV18, Sanjay Soni, MD, Logix Microsystems spoke about the latest happenings in the company and the road ahead.


Below is the verbatim transcript of his interview with Reema Tendulkar and Ekta Batra of CNBC-TV18. Also watch the accompanying video.


Q: FY10-11 was a good year for you all where your sales grew by about 40% odd percent, now increasingly you are improving and your focus from India will be going up, how would growth look like now?


A: We should maintain the same rate of growth. We have bounced back because the key markets wherever we are in are all reviving. We are seeing definitely a good order book building up from all our key clients.


Q: What are you expecting on the bottomline front for FY12? Do you expect to be in the black?


A: Yes, definitely.


Q: How much do you expect to scale up your PAT figure by in terms of FY12?


A: We should grow at same rate between 40-50%, similar to the topline.


Infinite Computer targets 30% revenue growth in FY12


Q: Geographically where do you see this growth coming from possibly in terms of increasing your market share in India?


A: Definitely, India is now a major part of our global strategy. We are seeing a lot of customers signing up. We have already crossed a 150 mark in terms of number of dealerships who are using our product in India.


We are now number one in the Indian market when it comes to software for dealerships in the online space. Secondly, we are looking at Europe, Europe is also very exciting because the penetration is very low and we are getting a lot of positive feedback from potential customers.


Q: Could you tell us what your order book currently stands at? And also the growth rate in Europe?

A: Yes, we have an order book right now of a nearly Rs 15 crore, which needs to be executed over the next few months. Europe growth rate should be at least 60-70% this year. This is because it

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First Published on May 12, 2011 02:43 pm