Bangalore, Jan 19: Sasken Communication Technologies Limited, telecom R and D and support outsourcing major, witnessed a drastic fall in its bottom line as profit after tax fell to Rs 3.8 crore for the third quarter ended December 31, compared to Rs 12 crore corresponding period last year.
However, it managed an eight per cent rise in its consolidated revenues to Rs 143.3 crore during the period, a company release said. Cash and cash equivalents stood at Rs 58.5 crore as on December 31, compared to Rs 34.8 crore on last financial year. A Gross total of 228 people were added this quarter, taking the total employee strength to 3,602 as on December 31, Utilization on the services side stands at 79.2 Per cent. During the quarter, seven new customers were added taking the total to 91 active customers.
Commenting on the performance, Rajiv Mody, Chairman and CEO said, "revenues have grown by 8.8 per cent sequentially in dollar terms.
The operating margins were at 14.7 per cent in the services business, for the current quarter".