Tanla records 78.68 pc YoY growth in revenue

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Hyderabad, Jul 14 (UNI) Tanla Solutions Limited, a leading telecommunications software and services provider with worldwide operations, today announced the growth of 78.68 per cent in total revenues from Rs 94.51 crore the previous year to Rs 168.87 crore for the quarter ending June 30 this year.

In a statement here, Tanla Solutions Chairman and MD Uday Reddy said the net profits increased by 69.60 per cent to Rs 56.41 crore in the first quarter and EPS for the Q1 stood at Rs 5.64.

On the sequential basis, total revenues increased by 14.71 per cent while EBITDA margins stood at 48.20 per cent for the quarter on a consolidated basis.

''The last quarter has been exciting by achieving milestones with the acquisition of Openbit, which gives us global footprint inside millions of handsets to enable on device payments. We would focus on completing full integration by this quarter even as our aggregator platform has already been integrated with Openbit. Going forward our organic growth in new geographies and products would be emphasised,'' he added.

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