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TAKE Solutions reports Its Q1 FY14 Results

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TAKE Solutions has announced the financial results for the quarter ended June 30, 2013. The company has revealed revenues of INR1,957 million for this quarter, showing a 1.8% decline in dollar terms over the previous quarter.

Srinivasan H.R., Vice Chairman & Managing Director, TAKE Solutions, said, The performance during the quarter ended June 30, 2013 was as per our guidance for FY14. The demand continued to be soft during the quarter and is expected to remain subdued in the short term. We continue to work towards realigning our businesses and operations to make the company more profitable and creating value for our shareholders in the long term.

He added that the company is focussing to become a 360-degree solution provider to the Life Sciences industry and to be a niche player in the Supply Chain Management domain.