RS Software India announces FYQ1 Results, 2013
RS Software India has announced the results of its financial year 2013. The company reported a net profit of Rs.11 crore for the quarter ending June 30, 2013 which is up by 17.4% from Rs.9.4 crore in the Q4 of FY 13.
In line with its consistent growth in business, the revenue of the company increased 13% q-o-q and 20% y-o-y to Rs.92.04 crore in the first quarter of FY13-14. The company registered a growth of 40% in its profit before tax for the quarter compared to previous year same quarter. The EPS improved from Rs.8.12 in Q4 FY 13 to Rs.9.14 Q1 FY14. Profit after tax (PAT) margin has increased 17.4% sequentially.
Raj Jain, Chairman & Managing Director, RS Software India, said, "The fiscal year started with the first-ever patent registration by us. This is the hallmark of our innovation capability in our Payments Lab and a testimony to the quality of our talent, motivation and commitment to our business and the sector we cater to."
He further added, "The global electronic payments industry is experiencing an unprecedented growth on account of an irreversible shift from paper to electronic payment forms, approaching transactional revenues worth $900 billion. RS Software is well positioned to capitalize on this global opportunity and has a well-laid-out strategy backed by our comprehensive understanding of each client’s business. Our investments will be in strengthening our sales engine, talent acquisition and developing technology frameworks to address key industry needs."
See What’s Next in Tech With the Fast Forward Newsletter
Tweets From @varindiamag
Nothing to see here - yet
When they Tweet, their Tweets will show up here.