Nexxoft profits up by 356.57 p c

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.

Profits after tax stood at Rs 32.37 million up from Rs 5.45 million, a press release said here today.

For the quarter ending March 31, the net profit zoomed 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 release added.

UNI