Megasoft registers net profit of Rs 329.7 million

Hyderabad, Mar 29 (UNI) Megasoft Limited, a product-based technology company, has registered a net profit of Rs 329.7 million for the year ended December 31, 2006, a company release here said today.

"In 2006, the company has generated record revenues as we continue to experience strong performance on our operating fronts," the release quoted Megasoft Managing Director&CEO GV Kumar as saying. "The financial results are a testament to our business model and reflects our ability to leverage our product innovation and customer focus strategy in the telecom segment. We will continue to focus on the US market apart from foraying into new markets," he added.

UNI