Hyderabad: Global IT service provider Infotech Enterprises Thursday declared a revenue of Rs 237.4 crore for the quarter ending September 30, 2009, an increase of 7.2 per cent over the corresponding period last year.
"The company has delivered a strong performance in the second quarter of the financial year 2009-2010. Although the global macro-economic condition continued to be volatile
during the quarter, we saw revenues at Rs 2,37.4 recording a 2.1 per cent increase over the sequential quarter and a 7.2 per cent increase over corresponding quarter of the
preceding year" Infotech Enterprises' Chairman and Managing Director B V R Mohan Reddy said in a release here.
"We have been able to sustain our operating margins at encouraging levels of 21.7 per cent, which is a 110 basis points improvement over corresponding quarter of the preceding year," he said.
The company has a strong balance sheet with cash balance of Rs 364 crore, Reddy said.
Bureau Report
First Published: Thursday, October 15, 2009, 10:12