Geometric announced its fourth quarter results on Monday. The company's Q4 consolidated net profit was down 42 percent at Rs 11 crore versus Rs 19 crore, quarter-on-quarter.
Its consolidated revenues were down 1.59 percent at Rs 247 crore versus Rs 251 crore, Q-o-Q. Manu Parpia, Managing Director & CEO of Geometric said: "The market for engineering services and engineering IT remains positive. This year, we faced the challenge in that one of our large customers had to contend with difficult market conditions. This contributed to a setback which I believe is temporary. We are on the right track with the right strategy to support the building of a sustainable scalable enterprise."
The company had a total employee strength of over 4600 employees as of March 31, 2013, including its subsidiaries Key wins and additional business highlights for Q4FY13
The company added 3 new customers during Q4, and signed new deals worth Rs. 6.85 Mn. Some of the significant wins in this quarter include:
- Multi-year PLM customization, integration and application management contract for an energy research consortium in France
- CAD development and customization project for a leading European car manufacturer
- Product design project for value engineering for a global escalator and elevator manufacturer in Asia
- PLM application testing engagement for a Chinese Automotive OEM
- Should costing and estimations annual engagement for a leading aircraft engine manufacturer in North America
- Co-development of a new solution with a leading PLM ISV
- Enterprise-wide deployment of our DFMPro solution at a major semiconductor parts manufacturer in the US
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