Chennai, August 7, 2017: Saksoft Limited (BSE: 590051) (NSE: SAKSOFT), announced its First Quarter results ending on 30th June, 2017 at its Board Meeting held today.
Commenting on Saksoft’s quarterly performance, Aditya Krishna Chairman & Managing Director, Saksoft said “We are seeing a great deal of interest in our company’s offerings and this has begun to translate into new customer contracts. We have recently won a multi-million pound, multi-year deal from a large UK Government Agency. This reinforces our strategy to continue to invest in our chosen Geographies of the USA, UK and APAC. We are confident that our focus on Digital Transformation will yield positive results in the coming quarters.”
Review of financial performance
Consolidated Quarter Review (Q1 2017-18 vs. Q4 2016-17)
- Operating revenue declined by 8% to Rs 65.30 crores against Rs 70.62 crores in the same quarter previous year.
- 2% increase in EBITDA to Rs 8.56 crores in Q1 2017-18 against Rs 8.44 crores in Q4 2016-17
- PBT increased to Rs 6.83 crores in Q1 2017-18 against Rs 6.51 crores in Q4 2016-17, up by 5%
- PAT for the Q1 2017-18 stood at Rs 4.52 crores against Rs 4.79 crores in Q4 2016-17, a decrease of 6%
About Saksoft Limited
Saksoft’s expertise in Information Management and Business Intelligence complemented with capabilities in Application Services which includes IoT, Mobile Application development, Software Testing Services and Cloud Services cover the essential building blocks required for Digital Transformation. A strong Quality Assurance Practice, with a specialized Mobile Testing Lab, Agile and DevOps process approach to delivering solutions and managed services capabilities make us the perfect choice to be ‘Your Digital Transformation Partner’.
For more information please visit www.saksoft.com
For further information, please contact
Head – Marketing
Phone : + 91 44 2454 3500| E:107| Cell: +91 98409 05522
Please Download Financial results for the Quarter Ended 30th June, 2017