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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%.

   
 
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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.

 
 
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R Systems International Ltd Reports Net Earnings Up 98%

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