Nexxoft's third quarter total income up By 105.69 per cent

Bangalore, Feb 01 (UNI) A city based Nexxoft Infotel Limited's net profit surged by 49.61 per cent to Rs 8.75 million for the third quarter ended December 31 up from Rs 5.85 million in the same period last year on a consolidated basis.

Total income for the same period was up by 105.69 per cent at Rs 31.57 million. PBIDT was up by 31.61 per cent to Rs 8.75 million during the quarter from 6.65 million in corresponding period last year, a press release said.

During the quarter, the company has signed three new contracts.

Company has also entered into development of Core ERP engine for Agri Business project.

Nexxoft is a premier Software Solutions Company, focused on manufacturers to enable materials handling efficiency, supplier and customer collaboration, and increased demand planning accuracy.

Nexxoft is primarily engaged in supply chain practices apart from consultancy business. Nexxoft is currently serving wide range of clients in India and abroad, a press release said.

UNI