TAKE Solutions Revenues soar by 47% in Q1FY12

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

TAKE Solutions Ltd. has announced their first-quarter results. The Company posted healthy increase of 47% in revenues to INR161 crore for the quarter ended June 30, 2011 as against INR110 crore for corresponding quarter ended June 2010.

S. Sridharan, Managing Director, TAKE Solutions, said, "We are thrilled to deliver our best quarter revenue increase up by 47% and profit up by 51% compared to the scorresponding quarter last year. This is the third straight quarter where we have witnessed highest quarter revenue growth and we are focussed and excited about building on this success."

He further added, "We are equally excited about the opportunities and growth unfolding in the cloud computing space, to capitalize on this, we are also in the process of launching more products in this horizon to complement our existing OneSCM solution."

He concluded by saying, "Our performance in this quarter has not only strengthened our confidence for a better performance in the coming quarter; it has also helped us work towards having a healthy pipeline of opportunities to fuel TAKE's growth."


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