Tata Elxsi has reported consolidated revenues of Rs.189.97 crore for the quarter ending 30th September, 2013, indicating a growth of 22.3% YoY (Rs155.36 in Q2 FY13).
Its Software Development and Services segment grew by 26.5% to Rs.172.4 crore in Q2 FY14 and the profit after tax (PAT) rose to Rs.19.93 crore from Rs.1.81 crore, an increase of ten times over Q2 FY13.
Madhukar Dev, MD & CEO, Tata Elxsi, said, The Company has registered an excellent growth across services and geographies. Notwithstanding the testing economic environment, customer organizations are investing in growth strategies, driving the demand for our design expertise. Emerging markets focus along with and the undertapped potential at the bottom of the pyramid has been the other demand driver for our services.
The profit before tax (PBT) rose to Rs.30.07 crore from Rs.2.89 crore, an increase of over ten times compared to Q2 FY13.
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