RS Software has announced audited financial results for the second quarter ended September 30, 2013. The Company reported a net profit of Rs.12.70 crore for the quarter ended September 30, 2013, up by 33% from Rs.9.55 crore in the Q2 of last fiscal.
In line with its growth in business, the revenue of the company increased 25% Y-o-Y and 15% Q-o-Q to Rs.105.54 crore in the second quarter of FY13-14. The company registered a growth of 64% in its profit before tax for the quarter compared to the same quarter last financial year. The EPS improved from Rs.9.14 in Q1 FY14 to Rs.10.47 in Q2 FY14. Profit after tax increased 33% quarter on quarter.
The company was recognized in the top 1.3% of the companies listed in the entire Asia-Pacific region and amongst the only 19 companies from India in the Forbes “Asia’s 200 Best under a Billion” list of 2013.
Raj Jain, Chairman & Managing Director, RS Software India, said, “We see demand recovery in the U.S. which bodes well for our business given our exposure to the market. We have added three clients in this quarter. We have made fresh hiring of 53 candidates in this quarter in order to ramp up our delivery systems. We are confident that given the improving market conditions and the potential growth in the electronic payments industry, RS Software will consistently tread a high growth trajectory.”
RS Software has also been featured in the Forbes “Asia’s 200 Best under a Billion” list for the second time in this quarter.
Â
