Sasken Q2 FY08 Revenues at Rs 143.2 crore -up 22 per cent

Bangalore, Oct 15 (UNI) Sasken Communication Technologies Limited, a pioneer in telecom R and D and support outsourcing, today announced 22 per cent jump in its revenue for the second quarter, year on year at Rs.143.23 crore.

Sequentially the growth was 11.6 per cent over the previous quarter, the company said in a release here.

Consolidated Profit After Tax (PAT) was Rs. 14.33 crore, up by 13.7 per cent from the PAT earned during the second quarter of last fiscal and 124.4 per cent up from Q1 of 2007-08.

Revenue contribution from the Top five customers stood at 74 per cent and from Top 10 customers at 85 per cent. Cash and cash equivalents stand at Rs. 36.4 crore as on September 30, 2007, compared to Rs. 34.8 crore as on March 31, 2007 the release said.

A Gross total of 476 people were added this quarter (Net Adds of 143), taking the total employee strength to 3,656 as on September 30, 2007.

Nine new customers added during the quarter; a total of 89 active customers.

Commenting on the performance, Rajiv Mody, Chairman and CEO, Sasken said, "We recorded a 12.8 per cent dollar terms growth in our business. In spite of a rupee appreciation of 1.2 per cent over the quarter, the operating margins in our services business has improved to 20 per cent".

UNI