PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Concept Public Relations India (P) Ltd

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

R Systems International Ltd Reports Net Earnings Up 98% - R Systems International Limited, one of the leading providers of outsourced product development and customer support services has reported an impressive Q2 results with 98% YoY in net profit & an income growth of 26.9%
R Systems International Ltd Reports Net Earnings Up 98%

 

NewswireToday - /newswire/ - New Delhi, Delhi, India, 2006/08/03 - R Systems International Limited, one of the leading providers of outsourced product development and customer support services has reported an impressive Q2 results with 98% YoY in net profit & an income growth of 26.9%.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Services/Network Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The Company’s net profit after taxes stood at Rs 5.29 crores, compared to Rs 2.67 crores in Q2, 2005. Consolidated income from operations rose to Rs. 49.55 crores, compared to Rs. 39.04 crores in Q2, 2005. Earning Per Share (EPS) has also gone upto Rs. 4.09 as compared to Rs. 2.58 in Q2, 2005.

The business performance in the concluded quarter has been remarkable as R Systems added 27 new customers in their client portfolio. Their total associates also saw an increase of 1,260 in Q2, 2006, compared to 1,009 in Q2, 2005 and 1,202 at the end of March 31, 2006.

R System also gained traction in healthcare, as well as a contract has been executed for the acquisition of WebConverse, a technical support company based in the US. WebConverse reported revenues of $1.36 million for Q2, 2006.

“We are very pleased to report record revenues for the quarter and increasing our YoY profits by 98%,” said Rekhi Singh, Chairman and Managing Director. “We expanded in all our service offerings during the quarter and made foray into the healthcare sector with several new relationships. Our proposed acquisition of a technical support company in the US will now enable us to offer end-to-end services to independent software companies with multi-shore delivery capabilities and create value for our customers. We are very well positioned to enhance our performance.”

About R Systems International Ltd

R Systems International Ltd (rsystems.com) founded in 1993, is one of the leading provider of outsourced product development and customer support services. We help companies accelerate the speed to market for their products and services with a high degree of time and cost predictability by using our proprietary pSuite execution framework. Clients can choose services specific to their needs from R Systems iPLM suite of services. We help companies build scalable, configurable and secure products and applications; and help our clients support their customers for products and services using our global delivery model. R Systems rapidly growing customer list includes a variety Fortune 1000, government and mid-sized organizations across a wide range of industry verticals including Banking and Finance, High Technology and Independent Software Vendors, Government, HealthCare, Manufacturing and Logistic Industries. R Systems maintains five centers for Software Excellence, and using our global delivery model we serve customers in the US, Europe, South America, the Far East, the Middle East and Africa.

Safe Harbor: Investors are cautioned that this presentation contains forward-looking statements that involve risks and uncertainties. The Company undertakes no obligation publicly to update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Actual results, performance, or achievements could differ from those expressed or implied in such forward-looking statements.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Services/Network Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Concept Public Relations India (P) Ltd

 
 

Availability: All Metropolitan Area

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
IT Services/Network Management articles,
CATCH Visitors via Your Competitors Announcements!


R Systems International Ltd Reports Net Earnings Up 98%

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Sarmishtha Sinha - ZZebra.net 
+91 11 23701250/51/53/54/55 sarmishthasinha[.]gmail.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Concept Public Relations India (P) Ltd securities in any jurisdiction including any other companies listed or named in this release.

IT Services/Network Management via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Concept Public Relations India (P) Ltd / Company Profile


Read IT Services/Network Management Most Recent Related Newswires:

Infosys Launches Boundaryless Data Lake Offering Powered by its Information Grid Solution on Amazon Web Services
YASH Technologies Announces Acquisition of UK-Headquartered ITPM Consulting
Werum IT Solutions honored with Frost & Sullivan Global Technology Leadership Award for Industrial Automation Solutions in Pharma and Biotech
Tech Mahindra Ranked Amongst the Top 15 Global Tech Services Brand
Evolve IP Awarded Veeam Platinum Partner Status
MauBank Adopts Infosys Finacle Leasing Solution to Drive Business Growth
Trailblazing Leaders Awarded At 3rd Edition of CIO Power List
Turbonomic Named An IDC Innovator for Multicloud Management
Evolve IP Named A Top Technology Employer by the Philadelphia Business Journal
The Commercial Bank Successfully Completes a Pilot on a Cloud-Based Blockchain Network with Infosys Finacle
Evolve IP Awarded with 2017 Unified Communications Product of the Year
Thales Acquires Guavus - One of the Pioneers of Real-time Big Data Analytics
ConfigureTek’s Q2 Scheduled Event Opportunities - Partners with ServiceNow
Ekahau Earns Frost & Sullivan Customer Value Leadership Award for Delivering Industry-Best Solution for Deploying and Maintaining Wi-Fi Networks
NEC Successfully Trials Landslide Prediction System in Thailand

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  NAKIVO, Inc.

Visit MagLar, Inc.





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)