Tulip Q3 net profit at Rs 27.49 cr

New Delhi, Jan 15 (UNI) Tulip IT Services Ltd, a leading provider of end-to-end data connectivity, ended Q3FY07 with a net profit of Rs 27.49 crore, up Rs 11.87 crore from Q3FY06.

The company's total revenues increased to Rs 222.17 crore in Q3FY07 as against Rs 135.14 crore in Q3FY06, a growth of 64.39 per cent.

The third quarter ending December 31, 2006 witnessed a turnover of Rs 222.35 crore with an increase in number of connects in IP/VPN business to 35,014 in Q3FY07 from 24,106 in Q2FY07.

Tulip Connect is one of the largest and managed end-to-end MPLS (Multi Protocol Label Switching) enabled IP/VPN that uses wireless connectivity for the last mile.

The company's earnings per share (EPS) stood at Rs 9.48 during Q3FY07.

UNI