I-Flex posts 51 per cent growth

Hyderabad, July 28 (UNI) I-flex solutions limted, a leadingIT solutions provider to the global financial services industry has posted a growth of 51 per cent.

The revenue earned by I-flex for the quarter ended June 30, 2006 stood at Rs 407.5 crore, compared to Rs 270.1 crore for the corresponding quarter during the previous year.

The net income for the Q1 stood at Rs.41.5 crore, compared to Rs 5.9 crore in the corresponding quarter in the previous year as per the Consolidated US GAAP, Chairman and Managing Director of I-flex in a statement said here today.

He said the Board of Directors had approved the results for the Q1.

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