Teledata net spurts by 117 pc in Q1 - Hindustan Times
close_game
close_game

Teledata net spurts by 117 pc in Q1

PTI | ByPress Trust on India, Chennai
Jul 28, 2005 06:07 PM IST

Teledata said its net profit for Q1, soared by 117% to Rs 34 crore, up from Rs 15.62 crore in the same period last year.

Teledata Informatics Ltd, a software products firm, on Thursday said its net profit for the quarter ended June 30, 2005, soared by 117 per cent to Rs 34 crore, up from Rs 15.62 crore in the same period last year.

HT Image
HT Image

The total income rose by 151 per cent in the first quarter to Rs 133.27 crore, compared to Rs 45.06 crore last year, a company statement said, after its board of directors approved the unaudited results for the April-June quarter in Chennai.

Hindustan Times - your fastest source for breaking news! Read now.

Teledata said the continual surge in turnover and profits was attributed to the profit-making acquisitions undertaken by the company and the excellent performance of its products.

The first quarter saw the company completing its global depository receipts (GDR) issue of 54 million USD during April 2005. The company has also got an order from Sinotrans Shipping Ltd., Beijing worth one million USD towards the supply of its 'Shipmanage' software.

The company has also received an order from Arunachal Pradesh to the tune of Rs 7.5 crore towards the supply and implementation of School Management Software in 150 schools.

Teledata has also started working on the e-learning project for the superintendents in ship owning and management companies, the release said.

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On