SQL Star International Limited has announced its audited financial results for the year ended 31st March 2008. The performance for this financial year has been excellent, with sales revenues going by 52% this year and the Profit Before tax registering a record 49% increase.

Commenting on the performance of the company, Mr. NR Ganti, Chairman and Managing Director, said, "We are very proud to announce that SQL Star has done well in all the segments: Software Development & Services by more than 81%, e-Governance by 23% & Education & Training by 14% over the previous year. Also the embedded solutions division has accounted for significant revenues as a result of prestigious orders from international CDMA players from North America."

FINANCIAL HIGHLIGHTS

Consolidiated

During the year, the company witnessed exponential growth in the segments of Software Development & Services, Education & Training and e-Governance, netting in a cumulative Rs. 10,568.27 lacs in sales revenue, as compared to Rs. 6,939.08 lacs the previous year, registering a 52 % increase.

The Profit Before Tax posted for the financial year 2007-08 is Rs. 538.20 lacs as against Rs. 362.24 lacs in the previous year, registering a 49 % increase.

Stand Alone

The Company has registered a record growth of 21% at Rs. 5063.85 lacs in the financial year 2007-08, as compared to Rs.4191.88 lacs in the previous year.

The Profit Before Tax posted for the financial year 2007-08 is Rs. 284.13 lacs as against Rs. 231.52 lacs in the previous year, registering a 23 % increase.

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SQL Star International Limited is a Global IT Solutions & Services enterprise with a distinctive blend of offerings in the Knowledge and Enterprise Services space. Headquartered in Hyderabad, the company has 8 learning centers in India with wholly owned subsidiaries in USA, Australia and Singapore. SQL Star has state-of-the-art Development centers in Hyderabad and New Delhi in India and in San Diego, California, USA.

SQL Star has strategic alliances with Redhat, Oracle, Sun, Microsoft, etc to provide training on latest technologies at state-of-the art knowledge centers across India.

SQL STAR's Enterprise Services include Software Development, Software Maintenance, Application Migration, Strategic Resourcing, ERP Implementation, e-Learning Solutions and e-Governance solutions. As a leading provider of Embedded Technology Solutions with an extensive experience in hardware design services and system software solutions, SQL Star provides best-in-class embedded hardware and software services and solutions in the domain of "Consumer Electronics", "Industrial Automation", "Communication and Network Equipments/Appliances. SQL Star has created customized e-Governance solutions that address the entire spectrum of the information technology needs of state government, central government and local government bodies facilitating effective Government to Government (G2G), Government to Employee (G2E), and Government to Citizen (G2C) interaction.