Virinchi Technologies record 40 per cent growth in 2005-06

Hyderabad, Apr 29 (UNI) Virinchi Technologies, an IT products and Service provider, today said the total revenue, its Fourth Quarter of the financial year 2005, stood at Rs 6.76 crore as against Rs 54.8 crore in the fourth quarter of financial year 2004-05, showing a growth of 23.35 per cent.

The net profit for the fourth quarter 2005-06 which stood at Rs 22.69 crore as against Rs 19.28 crore for the period last year, recording a growth of 17.69 per cent.

The total revenue for the year 2005-06 stood at Rs 25.7 crore, compared to Rs 18.2 crore for the same period in 2004-05, showing a growth of 40.49 per cent. The net profit for 2005-06 is at Rs 8.54 crore, compared to Rs 5.72 crore for the year 2004-05, recording an increase of 49.39 per cent, a company release here said.

UNI DB KVV 1825