Quintegra announces second-quarter income of Rs 15.07 cr

Chennai, Nov 22 (UNI) The city-based Quintegra Solutions Limited, a leading global IT services and consulting company, today announced that an impressive second-quarter, posting an income of Rs 15.07 crore.

The company's total income on standalone basis for the quarter ended 30 September, 2006 stood at Rs 15.07 crore, as against Rs 9.97 crore for the corresponding period of the pervious year, notching up an impressive growth of 51 per cent.

The company's net profit for the quarter-ended 30 September, 2006 was Rs 1.17 crore, as against Rs 38.84 lakh during the previous year, recording a jump of 203.21 per cent, a pressn release said.

Quintegra's revenue has grown up by 52.89 per cent for the first half-year ended 30 September, 2006. The company's revenue stood at Rs 28.27 crore for the first half-year ended 30 September, 2006 as against Rs 18.49 crore for the corresponding period of the previous year.

The net profit jumped by 136 per cent for the first half-year ended 30 September, 2006. The net profit for the first half-year ended 30 September, 2006 was Rs 2.57 crore as against Rs 1.08 crore for the same period of the previous year, it said.

On a consolidated basis, the company has recorded a top line growth of 50.96 per cent for the half-year ended 30 September, 2006.

The consolidated revenue for the same period was Rs 28.42 crore, as against Rs 18.83 crore for the corresponding period of the previous year.

The net profit for the company on a consolidated basis for the first half-year ended September 30, 2006 was Rs 2.11 crore, as against Rs 1.01 crore for the same period during the previous year, registering a 107.87 per cent growth.

Quintegra is eyeing couple of acquisitions in UK and US. The company is also proposing to close the FCCB issue during November, which would be used to fund the acquisition. With the proposed acquisition the company is estimating to close the year-ended with a top line of anywhere between 25-30 million USD with a 15-18 per cent net margin.

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