Polaris Consulting and Services, formerly known as Polaris Financial Technology, said its net profit has declined 3.6 percent to Rs 47.34 crore for the September 2015 quarter. This is against a net profit of Rs 49.15 crore in the year-ago period. The company's income from software development, support and BPO services increased nine percent to Rs 517.67 crore in the said period from Rs 476.89 crore in the July-September 2014 quarter, Polaris said in a statement.
Last year, IT services firm Polaris Financial Technology (Polaris FT) had carved out its products business into Intellect Design Arena. Polaris FT later rebranded itself as Polaris Consulting and Services. Americas contributed 52 percent to the quarter's revenues, while Europe and India accounted for 21 percent and 8 percent.
Rest of the World accounted for 19 percent. Cash & cash equivalents stood at Rs 294 crore, while total headcount (excluding BPO) was 7,648 at September-end.
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