Blue Star Infotech Limited, the global software services and solutions provider, reported a 44 per cent increase in consolidated total operating income at Rs 27,101.93 lakhs for the year ended March 31, 2014, compared to Rs 18,852.78 lakhs for the last year. Profit after tax for the FY 13-14 is Rs 1,487.17 lakhs as against Rs 498.85 lakhs last year, nearly multiplying three times.
The company registered a 53 per cent increase in consolidated total operating income at Rs 7,880.43 lakhs for the quarter ended March 31, 2014, compared to Rs 5,136.35 lakhs for the same quarter last year. The profit after tax for the quarter grew to
Rs 421.91 lakhs compared to Rs 61 lakhs for the same period last year, registering nearly a seven times jump.
Key Business Highlights
The Company added several new logos including some Fortune 500 companies. The key wins achieved in past quarter are:
a multi-million dollar deal from a large commodities trading and logistics company, which has a turnover of more than 100 billionUSD
commenced offshore development for a large US based travel and hospitality sector company
bagged an SAP ERP support contract from a large Oil and Gas company in Malaysia
The Company successfully facilitated implementation and roll out of Microsoft Dynamics ERP for a leading digital media technology company in 10 Asian countries besides US and UK
Blue Star Infotech (America) Inc. received ?Special Recognition For The Year? award by Qlik at Qonnections 2014, their annual Global Partner Summit.
Nishith Mathur was appointed as the chief operating officer of the Company effective April 28th 2014.
Commenting on the results, Sunil Bhatia, managing director and chief executive officer, Blue Star Infotech Limited said, ?We are glad to announce the highest ever revenue achieved by the Company for the financial year 13-14. With the US IT market stabilizing, we have a stronger pipeline for FY 14-15. We continue to be optimistic about growth opportunities present in emerging technologies like SMAC. Blue Star Infotech will continue to strengthen our footprint in our focus sectors like Travel & Hospitality by enhancing and monetizing our existing IPs and creating new IP based solutions. One of the key drivers of our growth has been streamlining our customer engagement processes and we plan to further deepen our relationship with customers this year. We have been growing above the industry average and foresee the trend continuing in FY 14-15 as well.?
