Saksoft Announces Q1 Results for FY 2013-14

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Saksoft Limited

06 Aug, 2013, 09:40 IST

CHENNAI, August 6, 2013 /PRNewswire/ --

Revenues Grew by 59% Over Q1 of 2012-13

Saksoft Limited (BSE: 590051) (NSE: SAKSOFT), an information management specialist company, announced its first quarter results ended on 30th June' 2013. The results are available on the company's website www.saksoft.com.

Review of financial performance for the quarter ended 30th June, 2013

Consolidated Quarter Review (Y-o-Y) (Q1 2013-14 vs. Q1 2012-13)

  • Operating revenue was Rs 52.62 crore during the quarter under review as compared to Rs 33.15 crore; an increase of 59%.
  • Total income was Rs. 52.80 crore during the quarter under review as compared to Rs. 33.50 crore during the same quarter in the previous year, up by 58%.
  • EBITDA stood at Rs. 5.11 crore for the quarter under review as compared to Rs. 3.95 crore in Q1 FY12-13 up by 29%.
  • Net profit stood at Rs 3.32 crore in the current quarter as against Rs 2.10 crore in Q1 FY12-13, up by 58%.
  • Basic EPS for the quarter stood at Rs. 3.45 as against Rs 2.19 in Q1FY12-13, up by 58%.

Consolidated Sequential Review (Q-o-Q) (Q1 2013-14 vs. Q4 2012-13)

  • Operating revenue was Rs 52.62 crore as compared to Rs 50.02 crore during the corresponding period of previous quarter reflecting an increase of 5%.
  • Total income was Rs. 52.80 crore for the year as compared to Rs. 50.30 crores Q-o-Q basis.
  • EBITDA stood at Rs 5.11 crore as compared to Rs 4.99 crore during Q4 of FY 12-13.
  • Net profit stood at Rs 3.32 crore for Q1 of FY13-14 as compared to Net profit of Rs 3.30 crore in Q4 of FY 12-13.
  • Basic EPS stood at Rs. 3.45 for the current quarter ending 30 June 2013.

Commenting on the results, Mr. Aditya Krishna, Managing Director, Saksoft Limited, said, "We are pleased with the company performance for the quarter. We are on the right track and with increased focus on our new offerings in Enterprise Mobility and Analytics, we are confident that the company will meet its stated objectives for the year."

About Saksoft Limited

Saksoft is a leading provider of information management solutions to successful companies around the world. We deliver success to the enterprise by helping consolidate, organize and manage large volumes of data collected by businesses.  Working with data sources that are often disparate and complex, we make accurate, high quality, relevant information readily available to the people that need it. By being better informed, these companies are empowered to make key decisions and implement strategies for making their enterprises successful. Visit www.saksoft.com.

Primary Media Contact: Sampath Rengachari, [email protected], 91-8754416789