| Bangalore, July 31, 2006: Mindteck (India) Ltd. a Global IT services company today announced its financial results for the first quarter ended June 30, 2006. Total revenue for the quarter on a consolidated basis was Rs. 274.88 million as against
Rs. 83.44 million for the corresponding period of the previous year.
The net profit for the quarter was Rs. 20.92 million compared to Rs. 3.99 million recorded in the corresponding period of the previous year. EPS for the quarter registered a growth of 412% rising from Rs. 0.41 per share to Rs. 2.10 per share.
Commenting on the positive results, the Group CEO of Mindteck
P A Ananthanarayanan said, “The consolidated results for the first quarter incorporate the results of ISS Consultants Inc., the company acquired by Mindteck USA Inc. and is a validation of our strategy of augmenting organic growth with profitable acquisitions”.
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