Teledata Informatics Ltd, one of the software major in India has performed well during the fourth quarter ended 31 March, 2007.
The company’s revenue stood at Rs 1572.81 crore against Rs 453.07 crore, a jump of 247 per cent. Net profit for the period was Rs 207.13 crore.
Pivotal to the growth, the company posted an EPS of Rs 48.24 on annualised basis. On the foothold of lucrative acquisitions and setting on an expansion spree, company’s employ-ees also increased to 3750 from 2100 last year.
This quarter company invested $150 million which includes $105 million to acquire majority stake in prestigious eSys Technologies, Singapore. Teledata has planned to hive off its marine and technology divisions into three separate entities thereby unlocking and enhancing value for shareholders and other stake holders. Source: NewsToday
