Rs 481.12 lakhs for the third quarter ended December 31, 2010, as against the profit of Rs 317.78 lakhs for the corresponding period ended December 31, 2009. The same is up by 51%per cent.
The company has achieved consolidated revenue from operations of Rs 2,459.78 lakhs during the third quarter ended December 31, 2010, as againstRs 2,090.47 lakhs for the corresponding quarter ended December 31, 2009.
Nine MonthsEnded December 31, 2010
Tricom India Limited has recorded consolidated revenues ofRs 7,642.14 lakhs during the nine months endedDecember 31, 2010 as against consolidated revenues of Rs 6595.41lakhs during the previous nine months ended December 31, 2009. The company’s consolidated net profit increasedtoRs 1,464.14 lakhs for the nine months ended December 31, 2010 as compared to Rs 1,019.93 lakhs for the corresponding nine months ended December 31, 2009.
Commenting on the Q3 performance, Mr. Chetan Kothari, Managing Director, Tricom India Limited said, “Our results for the quarter are good and looking at the potential pipeline, we are optimistic about the growth in the last quarter of the financial year. With improved global market conditions, Tricom has expanded well in the IT domain and expects to move up the value chain with customized and quality rich services and solutions.”
About Tricom India Limited
Tricom India Limited (Tricom) (BSE Code: 531675, NSE Code: TRICOM) is a leading IT and ITES provider offering unconventional experience, powered by a combination of domain expertise, process skills and superior technology to the clients. Tricom has been delivering services across the globe in BPO Services, Enterprise Resource Planning, Business Intelligence and Data Warehousing, Emerging Technologies & Offshore Software Product.
Tricom has in-depth expertise in delivering generic document conversion services and process-specific solutions in areas like Forms Processing, Title Plant Maintenance, e-Publishing, and Health Care Support Services. Tricom’s spectrum of business solutions embrace wide range of industries including Government Bodies, BFSI , Manufacturing, Telecom, Healthcare, Utilities Legal Firms, Retail Chains, Large Publishers and Media Houses.
Tricom has presence in India, UK and USA and is listed on the BSE, NSE and Luxembourg Stock Exchange. Tricom is certified ISO 27001:2005, ISO 9001:2008 & Software Asset Management (SAM).For more information, visit Tricom at www.tricominfo.com
Some of the statements in this update that are not historical facts are forward-looking statements. These forward-looking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concerning our business and the markets in which we operate. These statements are based on information currently available to us, and we assume no obligation to update these statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from these forward-looking statements. These risks include, but are not limited to, the level of market demand for our services, the highly-competitive market for the types of services that we offer, market conditions that could cause our customers to reduce their spending for our services, our ability to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and market conditions in India and elsewhere around the world, and other risks not specifically mentioned herein but those that are common to industry.