Geometric has announced its Q2 financial results for financial year 2013-14. The Company declared consolidated revenues of INR2,865.36 million an increase of 10.1% q-o-q and 9.5% y-o-y from INR2,602.75 million in Q1FY14 and INR2,615.84 million in Q2FY13. The Company’s operating profits rose to INR529.07 million, showing a growth of 41.9% Q-o-Q. The Profit after Tax (PAT) for the quarter was at INR165.66 million as compared to INR154.14 million in the previous quarter and INR178.89 million in the corresponding quarter last year.
Manu Parpia, Managing Director & CEO, Geometric, said, While our expectations from FY14 continue to be flat, we are seeing an increase in our pipeline by 30% Q-on-Q. Our conversations with our customers and trends in the industry are encouraging; and with the transformations that are taking place within the Company, we are positioning ourselves for scalable growth in FY15.
During the quarter, the company added one new customer and signed new deals worth US$5.03 million.
Image Gallery
Geometric declares 10% rise in Q-o-Q Revenue
