NewswireToday - /newswire/ -
Mumbai, Maharashtra, India, 2010/01/29 - Blue Star Infotech Limited, the global software services and solutions provider, reported a net profit of Rs. 4.7 Crores on sales of Rs. 33.4 Crores for its Q3 operations, an increase of 67% from the same quarter last year.
Net profit has improved from Rs. 4.2 Crores in Q2 to Rs. 4.7 Crores for Q3.
The Company has added 27 new customers in this financial year. Commenting on the performance, Mr. A. T. Vijayakumar, President & COO, said, “While our profits have increased due to better operational management, we continue to experience a sluggish market. We are focusing on strengthening our sales pipe in all our geographies. But the incubation period seems to be longer than before and hence delaying closures.”
About Blue Star Infotech Ltd (BSIL)
Part of the Blue Star Group, Blue Star Infotech Ltd (bsil.com) enables organizations to realize their business goals – by enabling them to maximize operational inefficiencies and eliminate internal constraints through innovative technology and business solutions. Headquartered in Mumbai, India, the Company has seven software development centers in Mumbai and Bangalore and serves its global clientele through offices in North America, UK, Finland and Japan. The Company also has business associates in USA and Europe. The Company is listed on the National Stock Exchange and the Bombay Stock Exchange in India.
BSIL addresses the IT needs of organizations in verticals such as Technology, Travel & Hospitality, Health Sciences, Government, Pharmaceutical, Discrete Manufacturing, Media & Entertainment and Telecom.
BSIL is a Microsoft Gold Certified Partner, Oracle Certified Partner and SAS Silver Partner.