Wednesday, April 27, 2011

Patni Q1 cons net profit down 32.7% at USD 26.5 m

Patni Computer, which recently acquired by iGate Solutions, has reported first quarter CY11 consolidated net profit of USD 26.5 million, declined 32.7% as compared to USD 39.4 million in December quarter.

Consolidated revenues increased 3.8% to USD 190 million from USD 183 million on quarter-on-quarter basis.

Operating profit declined to USD 32.1 million from USD 33.1 million on quarter-on-quarter basis. Operating profit margin grew at 16.87% as against 18.08%.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

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