Net4 India announces H1-FY12 results

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Net4 India announces H1-FY12 results

Net4 has announced the consolidated financial results for the 2nd quarter and half year ended September 30, 2011. The Company has reported a rise of 71.2 % (YoY) in its H1 consolidated net profit after tax. Its consolidated net profit increased to Rs 15.03 crore against Rs 8.78 crore in the corresponding 1st half in the last fiscal year. EPS increased by 61 % from Rs. 4.64 per share to Rs. 7.49 per share for the 1st half of the current financial year.

The consolidated revenues of the company for H1 have also climbed up by 52.6 % to Rs 192.9 crore. It had registered total revenues of Rs 126.4 crores in the corresponding half year in the last financial year.

The second quarter numbers have also seen a big jump, with consolidated PAT for Q2 increasing to Rs. 9.5 cr from Rs. 5.8cr, an increase of 65.1% YoY. Revenues for the quarter increased by 50.9% on a YoY basis, from Rs.77.4 crore in Q2 FY10/11 to Rs 116.7 crore in the quarter ended 30th September 2011.

Jasjit Sawhney, CMD, Net4 India said, "Revenue growth is robust across all our service offerings. We are delighted with the company's ongoing growth momentum and our recent acquisition has only added to it. Cloud, SaaS and Private Cloud & Virtualization solutions have been big kickers in our growth trajectory in the last 6 months. Our Web Services business growth has also seen excellent traction, adding over 40,000 customers in the last quarter alone."


For More Details See

www.varindia.com

Comments

Post a Comment

Popular posts from this blog

N Chandrasekaran appointed chairman of Tata Sons

Image
The board of directors of Tata Sons, at its meeting has unanimously appointed N Chandrasekaran as executive chairman, Tata Sons. N Chandrasekaran shall take charge from February 21, 2017. The board of Tata Sons said, “Chandrasekaran has demonstrated exemplary leadership as the chief executive officer and managing director, Tata Consultancy Services. We believe he will now inspire the entire Tata group to realise its potential acting as leaders in their respective businesses, always in keeping with our value system and ethics and adhering with the practices of the Tata group which have stood it in good stead.” Chandrasekaran was the chief executive officer and managing director of Tata Consultancy Services since 2009. A Tata lifer, he had joined the company in 1987 and was appointed as a director on the board of Tata Sons on October 25, 2016.
Read more

Visa buys NFT based CryptoPunk and paid $150,000 in Etherium

Image
Visa buys NFT based CryptoPunk and paid $150,000 in Etherium:  Leader in the digital payments   Visa   has purchased a digital CryptoPunk for $150,000, marking the company's first ever   NFT   purchase. The deal is clearly shows that, Visa is stepping into the world of NFTs with its purchase of   CryptoPunk 7610 .   Going forward, NFTs and Visa to align and integrate them in new brand strategy to gain a sizable market share. However, NFTs have often been compared to physical collectible items like rare trading cards and works of art.   The CryptoPunk 7610, which feBlatures a female punk with a mohawk and large green eyes. "We envision there could be a future where your crypto address becomes as important as your mailing address," Visa's Head of Crypto said.   An NFT - which stands for non-fungible token - is a unique digital asset designed to represent ownership of a virtual item. Unlike bitcoin and other cryptocurrencies, NFTs can’...
Read more

Prizm Payment Services changes its name to Hitachi Payment Services

Image
Hitachi Payment Services Pvt. Ltd has changed its corporate name from Prizm Payment Services Pvt. Ltd (“Prizm Payment Services”) to Hitachi Payment Services Pvt. Ltd (“Hitachi Payment Services”). “The new name reflects Hitachi’s commitment to business expansion in India, and to build a strong global financial payments offering leveraging the expertise of the Prizm Payment Services acquisition. Hitachi sees immediate potential to grow in the Asian subcontinent markets with the epicentre of growth being India, and migrate into other markets. Also, the name change will have no change on Prizm Payment Services’ operations,” said Loney Antony, Managing Director, Hitachi Payment Services. “Hitachi had acquired Prizm Payment Services with the aim of accelerating global development of IT services businesses targeting financial institutions, particularly in the fast-growing Asian region, and the company has been the gateway of entering into the services business in India for Hitachi. We ...
Read more