Mastek Group income for the six months period ended December 31, 2003 was Rs.186.9 crores, as against Rs.189.1 crores registered during the corresponding period in the previous year.
April 1, 2004 (Press Release) --
Mastek Group announces results for the quarter October-December 2003.
Reports Q-O-Q increase of 4.5% in revenues and 36.7% in net Profit.
Mastek Group today announced a total income of Rs.95.5 crores for the quarter October-December 2003 against:
Rs. 91.4 crores earned during July-September 2003.
Rs.97.4 crores achieved during October-December 2002.
Net profit for the quarter stood at Rs.4.1 crores against:
Rs. 3.0 crores during July-September 2003.
Rs. 16.3 crores for the corresponding quarter in the previous year.
The unaudited results were taken on record at the Board Meeting held on January 12, 2004.,
Mastek Group income for the six months period ended December 31, 2003 was Rs.186.9 crores, as against Rs.189.1 crores registered during the corresponding period in the previous year. The net profit for this six month period stood at Rs.7.1 crores. The US operations registered a growth of 12% while the European and the Asia Pacific operations declined by 17% each.
Commenting on the business outlook, Mr.Ashank Desai, the Chairman, said “Winning a US$ 50 mln, 10 year deal bears testimony to Mastek’s fundamental strength and unique market positioning as a software company that can be entrusted to deliver complex mission critical projects. I am also excited with the joint venture with Capita in the BPO arena which will extend our footprint beyond IT to a complete service play.”
Performance Highlights : October - December 2003
Commenting on the performance, Mr.Sudhakar Ram, the Chief Executive Officer, said “While our performance this quarter and in the first half has been in line with expectations, there have been delays in booking business. The next two quarters will be challenging but we are optimistic about facing up to it.”
Reports Q-O-Q increase of 4.5% in revenues and 36.7% in net Profit.
Mastek Group today announced a total income of Rs.95.5 crores for the quarter October-December 2003 against:
Rs. 91.4 crores earned during July-September 2003.
Rs.97.4 crores achieved during October-December 2002.
Net profit for the quarter stood at Rs.4.1 crores against:
Rs. 3.0 crores during July-September 2003.
Rs. 16.3 crores for the corresponding quarter in the previous year.
The unaudited results were taken on record at the Board Meeting held on January 12, 2004.,
Mastek Group income for the six months period ended December 31, 2003 was Rs.186.9 crores, as against Rs.189.1 crores registered during the corresponding period in the previous year. The net profit for this six month period stood at Rs.7.1 crores. The US operations registered a growth of 12% while the European and the Asia Pacific operations declined by 17% each.
Commenting on the business outlook, Mr.Ashank Desai, the Chairman, said “Winning a US$ 50 mln, 10 year deal bears testimony to Mastek’s fundamental strength and unique market positioning as a software company that can be entrusted to deliver complex mission critical projects. I am also excited with the joint venture with Capita in the BPO arena which will extend our footprint beyond IT to a complete service play.”
Performance Highlights : October - December 2003
Commenting on the performance, Mr.Sudhakar Ram, the Chief Executive Officer, said “While our performance this quarter and in the first half has been in line with expectations, there have been delays in booking business. The next two quarters will be challenging but we are optimistic about facing up to it.”
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