Saksoft Revenue Doubles in FY 2006 - 07
Saksoft’s turnover almost doubled for the full year ended 31st March 07 to Rs. 94.64 crores against a turnover of Rs. 48.63 crores for the year ended 31st March 06. The company, improved its Q-o-Q performance significantly by clocking 390% growth with a profit after tax of Rs. 258.84 lacs for the quarter ended 31st March 07 against Rs. 52.40 lacs for the immediately preceding quarter.
Mr. Aditya Krishna, Managing Director of the company
expressed that the results are inline with the internal
planning. He further elaborated “We have in last two
quarters, after acquiring Acuma UK, aligned the delivery
and economic model of both companies to leverage each
other’s strength. With the smooth integration of operations
between Saksoft and Acuma in place, we are beginning
to see results of integrated enterprise value in line
with our expectations. We are confident that in FY 2007–08,
we will reap significant benefits from the acquisition
both in the top line and the bottom line.”
Saksoft is expanding its capacity in its Noida development center by adding another 35000 sq.ft. It is also in the look out for suitable space to expand its Chennai development center. Mr. Ramanathan, Executive Director explained that these capacities are in line with the planned revenue and people growth for next 2-3 years.
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