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Digital Globalsoft records 49.2 pc jump in net profit
Bangalore, Oct 21: Digital Globalsoft Ltd, the Indian subsidiary of global IT major Hewlett Packard, has reported a 49.2 per cent jump in its net profit at Rs 31.89 crore for the second quarter ending September, 2003.
Bangalore, Oct 21: Digital Globalsoft Ltd, the
Indian subsidiary of global IT major Hewlett Packard, has
reported a 49.2 per cent jump in its net profit at Rs 31.89
crore for the second quarter ending September, 2003.
The company clocked a revenue of Rs 149.88 crore, up by
53.1 per cent over Rs 97.9 crore reported during the
corresponding quarter last year, a statement said.
It had recorded Rs 21.37 crore net profit during July-September, 2002-03.
Digital said it invested Rs 21.8 crore in infrastructure expansion during the quarter and hired 1,203 people to take the total to 4,440 professionals.
About 906 people were recruited for the Digital contact centre business, while 260 engineers were hired for the software service business, it said.
"Our state of mind is to invest, expand, hire and grow. We invested Rs 21.8 crore in Capex last quarter, commissioned new infrastructure to our campus, added over 1,200 people and continued to deliver progress in our financial performance," Digital President and CEO Som Mittal said.
"Given the returning stability in the global it environment, increased client transaction and prospective business pipeline, we see no reason to alter our present frame of mind. On an overall basis, I continue to maintain an optimistic outlook for the future," he said.
Bureau Report
It had recorded Rs 21.37 crore net profit during July-September, 2002-03.
Digital said it invested Rs 21.8 crore in infrastructure expansion during the quarter and hired 1,203 people to take the total to 4,440 professionals.
About 906 people were recruited for the Digital contact centre business, while 260 engineers were hired for the software service business, it said.
"Our state of mind is to invest, expand, hire and grow. We invested Rs 21.8 crore in Capex last quarter, commissioned new infrastructure to our campus, added over 1,200 people and continued to deliver progress in our financial performance," Digital President and CEO Som Mittal said.
"Given the returning stability in the global it environment, increased client transaction and prospective business pipeline, we see no reason to alter our present frame of mind. On an overall basis, I continue to maintain an optimistic outlook for the future," he said.
Bureau Report