Mindteck net sales up by 126 per cent

Bangalore, Oct 31 (UNI) Mindteck (India) Ltd, a global IT services company, has achieved a consolidated growth of 126 per cent in its revenue for the quarter ended September 30.

The total revenue of the company for the quarter on a consolidated basis has increased to Rs 25.76 crore, as against Rs 11.39 crore for the corresponding period of the previous year. The net profit for the quarter was Rs 1.36 crore compared to Rs 0.74 crore recorded in the corresponding period of the previous year, a rise of 83 percent.

Mr P A Ananthanarayanan, Group Chief Executive Officer, in a release here, said that "we are now entering a phase of consolidation following the successful integration of our acquisition in the US last quarter. We continue to witness strong demand in the Embedded Systems services as well as SAP Support services." UNI MSP RKN1450