Blue Star Infotech Limited, the global software services and solutions provider, today announced a 44% increase in consolidated total operating income at Rs. 6,833 Lakh for the quarter ended December 31, 2013, compared to Rs. 4,736 Lakh for the same quarter last year. The profit after tax for the quarter grew to Rs. 352 Lakhs compared to Rs. 214 Lakhs for the same period last year, a growth of 65%. YTD profit after tax is Rs. 1,065 Lakhs as against Rs. 438 Lakhs last year, marking a growth of 143%. The revenue for the first nine months at Rs. 19,141 Lakhs has surpassed the entire twelve month revenue of last year Rs. 18,711 Lakhs.
Key Business Highlights
· The aggregated revenue of the first three quarters of FY 13-14 is 42% higher than the aggregated revenue of the same period of FY 12-13
· The company has bagged a device testing deal for a multi-billion Fortune 500 company
· Blue Star Infotech will be opening a branch in Canada
· The company will continue to strengthen its core capabilities in emerging solutions like SMAC (social, mobile, analytics and cloud) and sectors like Travel & Hospitality through strategic partnerships
Commenting on the results, Sunil Bhatia, MD & CEO, Blue Star Infotech Ltd. said, “We have been witnessing above industry average growth since the last two years. This has been the outcome of our renewed focus on niche sectors like travel & hospitality and emerging technologies like analytics, mobility and cloud. We are witnessing a increased demand for our solutions in the U.S. which has always been our primary market. In order to leverage this opportunity, we have launched new solutions for existing verticals and are expanding our presence in the developed markets. We are also seeing an uptick in existing new markets and thus have invested in strengthening our sales and solutions in these regions.”
About Blue Star Infotech Ltd.
Blue Star Infotech Limited (www.bsil.com), a technology consulting and services company, combines the best of engineering, creativity and technology to deliver the next generation of software solutions to its global customers and enable them to be future-ready.
Part of the well-known Blue Star Group, Blue Star Infotech is a listed company with its global headquarters in Mumbai, India, and with operations in USA, UK, Europe, Malaysia, and Singapore. The Company is focused on delivering value-added and future-proofed software solutions by leveraging emerging technologies and trends while preserving existing investments for gaining competitive advantages. Teams comprising of engineers, designers and consultants across the globe work in conjunction with our labs and partners to deliver a superlative customer experience and best-in-class software solutions.
Blue Star Infotech caters to the IT and software R&D needs of enterprises globally, and offers a broad spectrum of services ranging from Application Development and Management, Product Engineering, Package Implementation and Testing to emerging areas such as Business Intelligence/Analytics, Mobility and Cloud Computing.
Blue Star Infotech has successfully completed more than 800 major IT projects on a wide range of hardware and software platforms. It has delivered more than 1600 product releases for its technology customers worldwide. Its technology labs for Mobility, Cloud Computing, Analytics and Usability Engineering incubate and propagate new methodologies, standards, tools and solutions. This coupled with its CMMi Level 5 and ISO 9001:2000 assessed Quality Assurance processes, assures world-class standards for all its deliverables.
Key Business Highlights
· The aggregated revenue of the first three quarters of FY 13-14 is 42% higher than the aggregated revenue of the same period of FY 12-13
· The company has bagged a device testing deal for a multi-billion Fortune 500 company
· Blue Star Infotech will be opening a branch in Canada
· The company will continue to strengthen its core capabilities in emerging solutions like SMAC (social, mobile, analytics and cloud) and sectors like Travel & Hospitality through strategic partnerships
Commenting on the results, Sunil Bhatia, MD & CEO, Blue Star Infotech Ltd. said, “We have been witnessing above industry average growth since the last two years. This has been the outcome of our renewed focus on niche sectors like travel & hospitality and emerging technologies like analytics, mobility and cloud. We are witnessing a increased demand for our solutions in the U.S. which has always been our primary market. In order to leverage this opportunity, we have launched new solutions for existing verticals and are expanding our presence in the developed markets. We are also seeing an uptick in existing new markets and thus have invested in strengthening our sales and solutions in these regions.”
About Blue Star Infotech Ltd.
Blue Star Infotech Limited (www.bsil.com), a technology consulting and services company, combines the best of engineering, creativity and technology to deliver the next generation of software solutions to its global customers and enable them to be future-ready.
Part of the well-known Blue Star Group, Blue Star Infotech is a listed company with its global headquarters in Mumbai, India, and with operations in USA, UK, Europe, Malaysia, and Singapore. The Company is focused on delivering value-added and future-proofed software solutions by leveraging emerging technologies and trends while preserving existing investments for gaining competitive advantages. Teams comprising of engineers, designers and consultants across the globe work in conjunction with our labs and partners to deliver a superlative customer experience and best-in-class software solutions.
Blue Star Infotech caters to the IT and software R&D needs of enterprises globally, and offers a broad spectrum of services ranging from Application Development and Management, Product Engineering, Package Implementation and Testing to emerging areas such as Business Intelligence/Analytics, Mobility and Cloud Computing.
Blue Star Infotech has successfully completed more than 800 major IT projects on a wide range of hardware and software platforms. It has delivered more than 1600 product releases for its technology customers worldwide. Its technology labs for Mobility, Cloud Computing, Analytics and Usability Engineering incubate and propagate new methodologies, standards, tools and solutions. This coupled with its CMMi Level 5 and ISO 9001:2000 assessed Quality Assurance processes, assures world-class standards for all its deliverables.
