Maveric Systems records 74% growth in revenue

Chennai, May 10 (UNI) Leading independent software testing company, Maveric Systems, has posted a revenue of Rs 27 crore in the last fiscal as against Rs 15.50 crore in the previous year, up by 74 per cent.

Maveric Systems have further expanded its Middle East operations by bagging orders from Dubai Municipality, Dubai Islamic Bank and Emirates Bank. As part of the order, Maveric Systems would provide functional and performace testing services for Dubai Municipality and Emirates Bank and customised Islamic banking testing suite of services for Dubai Islamic Bank.

''Apart from this, experiencing a growth of 244 per cent, the UK operations have contributed 62 per cent of our revenues,'' company CEO Ranga Reddy told newspersons here today.

Maveric Systems had also charted an ambitious growth plan for the next year, aimed at doubling the current revenues. The plan included entry into the US market, setting up centres of excellence, launching of Ireland operations and ramping up the headcount of the company, he said.

UNI