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Net profit jumps by 100 per cent

Written by: Staff

Hyderabad, Apr 26 (UNI)Megasoft Ltd, the Hyderabad-headquartered BSE listed transnational Intellectual Property-driven product-based technology company said the revenue for the first quarter of the financial year 2006 (Q1FY06) was Rs 35.89 crore and its net profit after tax was Rs 7.46 crore.

The company which announced its results for the quarter ended March 31, 2006 said revenue had grown by 37 per cent over Q1FY05, the corresponding quarter of the previous financial year and by 9.42 per cent sequentially over Q4FY05. Net profit growth was 100 per cent over Q1FY05 and 32.5 per cent over Q4FY05. Earning per share has grown to Rs 2.48, a 25 per cent increase over Rs 1.98 in the previous quarter, Mr G V Kumar MD and CEO said in a statement.

The telecom segment revenues had grown by more than 113 per cent over Q1FY05, from Rs 5.91 crore to Rs 12.58 crore. On a sequential basis the telecom revenues have grown from Rs 11.10 crore to Rs 12.58 crore, a growth of 13.33 per cent.

The share of telecom vertical, XIUS, was 35 per cent of Q1FY06 revenue, marginally higher than 33.8 per cent of revenues in Q4FY05.

Revenues from Life Science vertical Afferenz, was at 9 per cent in Q1FYo6 compared to 7.4 per cent in Q4FY05.

XIUS, the telecom division of Megasoft Ltd. had recently signed a multi-million multi-year contract with Xero Mobile, a revolutionary advertising funded pre-pay mobile phone operator to power the launch and delivery of its mobile phone service in the United States.


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