Infotech Revenues grows sequentially

Hyderabad, Jul 18 (UNI) Infotech Enterprises Limited recorded a robust 8.2% sequential growth in revenues in dollar terms for the quarter ended June 30, 2007, its Chairman and Managing Director BVR Mohan Reddy announced today.

The company's Board, which met today, took on record its unaudited financial results.

In a statement, Mr Reddy said the sequential growth in revenues was in line with their projections. While the drastic appreciation of rupee had its impact on operating margins, the company could sustain the impact on operating margins at 2.6% due to its operational excellence and ability to manage business mix.

''The strong business momentum, key initiatives that we have taken and relationships that we developed with customers in the last 12 months continue to deliver results,'' he said.

UNI