Nexxoft Profits rise by 356.57 per cent

Bangalore, May 4(UNI) The city based Nexxoft Infotel Limited, a premier software solutions company, registered a whopping 356.57 per cent surge in its profit before tax to Rs.34.82 million up from Rs.7.63 million during the year ended March 31 on a consolidated basis.

Nexxoft's Total Sales revenue for the year shot up by 231 per cent to Rs 118.32 million up from Rs 35.75 million in previous year, a press release said here today. Profits after tax stood at Rs.32.37 million up from Rs.5.45 million.

For the quarter ending March 31, net profit surged by over 122.65 per cent to Rs.10.49 million up from Rs.4.72 million in the corresponding period last year. The Sales recorded a 97.58 per cent rise to Rs.402.99 million up from Rs.203.96 million, the press release said.

UNI