Technology solutions provider Infotech Enterprises has posted 7.1 percent growth in 2009-10 with its total income almost touching Rs.10 billion.
Despite the economic slowdown and volatility in foreign exchange, the firm improved margins by 180 basis points over the last year. The operating margin for the year was 21.9 percent against 20.1 percent during 2008-09.
The profit before tax crossed Rs.2,000 million while profit after tax was at Rs.1,708 million, a growth of 84.7 percent over previous year.
The revenues for the fourth quarter was Rs.2,441 million, a year-on-year growth of 3.9 percent and quarter-on-quarter growth of 2.1 percent.
The company's board of directors has recommended 40 percent dividend - Rs.2 per equity share of Rs.5 each. It also recommended a 1:1 bonus.
The Hyderabad-based firm, which offers engineering design services, geospatial information services and IT services, continued to de-risk revenue contribution through geographic spread.
Company chairman and managing director B.V.R. Mohan Reddy said the firm expects robust growth during the current financial year.Published Date: 2010-04-21 20:20:25 GMT