Tata Elxsi, a global design company and part of the $ 100 billion Tata group reported consolidated revenues of Rs 189.97 crore for the quarter ending 30th September, 2013, indicating a growth of 22.3 % YoY (Rs 155.36 in Q2 FY13) .
Its Software Development and Services Segment , grew by 26.5 % to Rs 172.4 crore in Q2 FY14 and the profit after tax (PAT) rose to Rs 19.93 crore from Rs 1.81 crore , an increase of 10 times over Q2 FY13.
Commenting on the Q2,FY14, performance, Mr. Madhukar Dev, MD & CEO said “The company has registered an excellent growth across services and geographies. Notwithstanding the testing economic environment, customer organizations are investing in growth strategies, driving the demand for our design expertise. Emerging markets focus along with and the under tapped potential at the bottom of the pyramid has been the other demand driver for our services.”
About Tata Elxsi:
Tata Elxsi is a design company that blends technology, creativity and engineering to help customers transform ideas into world-class products and solutions. A part of the $ 100 billion Tata group, Tata Elxsi addresses the automotive, broadcast, consumer electronics, healthcare, semi-conductor and telecom sectors.
This is supported by a talent pool of over 4000+ employees and a network of design studios, development centers and offices worldwide. Key services include embedded product design, industrial design, animation & visual effects and systems integration.
Its Software Development and Services Segment , grew by 26.5 % to Rs 172.4 crore in Q2 FY14 and the profit after tax (PAT) rose to Rs 19.93 crore from Rs 1.81 crore , an increase of 10 times over Q2 FY13.
Commenting on the Q2,FY14, performance, Mr. Madhukar Dev, MD & CEO said “The company has registered an excellent growth across services and geographies. Notwithstanding the testing economic environment, customer organizations are investing in growth strategies, driving the demand for our design expertise. Emerging markets focus along with and the under tapped potential at the bottom of the pyramid has been the other demand driver for our services.”
About Tata Elxsi:
Tata Elxsi is a design company that blends technology, creativity and engineering to help customers transform ideas into world-class products and solutions. A part of the $ 100 billion Tata group, Tata Elxsi addresses the automotive, broadcast, consumer electronics, healthcare, semi-conductor and telecom sectors.
This is supported by a talent pool of over 4000+ employees and a network of design studios, development centers and offices worldwide. Key services include embedded product design, industrial design, animation & visual effects and systems integration.
