Thursday, February 10, 2011

Polaris Software Q3 net profit up 4% at Rs 50 cr

Polaris Software, the world's most sophisticated banking and insurance software company USD revenues for Q3FY11 were up 7% at USD 89.12 million versus USD 83.59 million, QoQ basis.

In rupee term, its revenues were up 3% at Rs 399.9 crore versus Rs 388.84 crore.

Its EBIDTA was up at Rs 63.93 crore versus Rs 60.24 crore.

The company's net profit was up 4% at Rs 50.13 crore versus Rs 48.15 crore.

Its nine month EPS was at Rs 14.52.

Q3FY11
17 new Intellect wins; Intellect contributed 23% of revenues
Americas contributed 44%, Europe 26%,IMEA 12% and Asia Pacific 18%
Offshore revenue increased by 171 bps to 56.23%


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

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