TAKE Solutions Ltd. [BSE: 532890 | NSE: TAKE], a leader in the Supply Chain Management (SCM) and Life Sciences (LS) domains, announced the financial results for the quarter and the year ended March 31st 2013, today. The company has posted revenues of INR 8,320 Mn for the year which is 18.2% increase against the corresponding year ended March 31st 2012. Net Profit for the year was INR 795 Mn which is a 7.2% decrease against the corresponding year ended last year. The Company has declared a final dividend of Rs. 0.40 per share taking up the total dividend to Rs.1.00 per share (100% of paid up capital) for FY13.
Commenting on TAKE’s performance, Mr. Srinivasan H.R., Vice Chairman and Managing Director, TAKE Solutions, said “Last quarter, our performance was as anticipated. The buying environment has been challenging over the last 3 quarters, which has negatively impacted our performance in FY13. We do not foresee the environment improving in the near future. However, TAKE Solutions Limited is rejigging its operations to focus on a 360 degree coverage of Life Sciences and very niche offerings in Supply Chain Management. This focused approach is expected to help the company reach superior profitability levels over the next three years.”
About TAKE Solutions:
TAKE Solutions, Ltd. [BSE: 532890 | NSE: TAKE] is a leading global business technology company with domain expertise in Life Sciences (LS) and Supply Chain Management (SCM). TAKE provides cost-effective and comprehensive solutions for enterprises across diverse sectors including pharmaceuticals, high technology, consumer packaged goods, oil/gas, and automotive. TAKE’s SCM product suites include distinct technology with embedded IP that spans enterprise mobility, trading partner collaboration, and material tracking. In the LS domain, TAKE offers IP-based software and extensive knowledge-based solutions to enable efficient clinical, regulatory, safety and commercialization processes.
TAKE has been recognized as a ‘Leader’ in IDC Health Insights’ “IDC MarketScape: Worldwide Life Science Drug Safety Services 2013 Vendor Assessment”. TAKE’s global headquarters is in Chennai, India; its U.S. headquarters is located in Princeton, New Jersey. TAKE has a proven track record as a trusted partner in delivering world-class solutions to more than 400 customers worldwide. For more information, please visit www.takesolutions.com
Commenting on TAKE’s performance, Mr. Srinivasan H.R., Vice Chairman and Managing Director, TAKE Solutions, said “Last quarter, our performance was as anticipated. The buying environment has been challenging over the last 3 quarters, which has negatively impacted our performance in FY13. We do not foresee the environment improving in the near future. However, TAKE Solutions Limited is rejigging its operations to focus on a 360 degree coverage of Life Sciences and very niche offerings in Supply Chain Management. This focused approach is expected to help the company reach superior profitability levels over the next three years.”
About TAKE Solutions:
TAKE Solutions, Ltd. [BSE: 532890 | NSE: TAKE] is a leading global business technology company with domain expertise in Life Sciences (LS) and Supply Chain Management (SCM). TAKE provides cost-effective and comprehensive solutions for enterprises across diverse sectors including pharmaceuticals, high technology, consumer packaged goods, oil/gas, and automotive. TAKE’s SCM product suites include distinct technology with embedded IP that spans enterprise mobility, trading partner collaboration, and material tracking. In the LS domain, TAKE offers IP-based software and extensive knowledge-based solutions to enable efficient clinical, regulatory, safety and commercialization processes.
TAKE has been recognized as a ‘Leader’ in IDC Health Insights’ “IDC MarketScape: Worldwide Life Science Drug Safety Services 2013 Vendor Assessment”. TAKE’s global headquarters is in Chennai, India; its U.S. headquarters is located in Princeton, New Jersey. TAKE has a proven track record as a trusted partner in delivering world-class solutions to more than 400 customers worldwide. For more information, please visit www.takesolutions.com
