Zylog Systems Ltd announces consolidated results for the Quarter ended 30th June, 2010
Top line shows Y-O-Y growth of 138%, affirming that the revenues from Brainhunter (Zylog Systems, Canada) for the first quarter are reflected within the growth
Tweet-- Zylog Systems Limited, a Chennai based leading technology solutions and software service provider, announced Financial Results for the quarter ended 30th June, 2010.
Highlights:
- Consolidated revenues at Rs.463.39 Cr was up 138% Y-o-Y
- Consolidated net profit after tax at Rs.35.28 Cr was up 103% Y-O-Y
- EPS at Rs 21.45 for Q1 FY 2011 Vs Rs 10.55 for Q1 FY 2010
"Zylog has marched ahead with extremely energetic progress in the first quarter of FY 2011. At the consolidated level, the results due to acquisitions made in FY 2010 are clearly evident in the increase seen in the revenue. We have had a big jump in Products /Solutions sales in the quarter to June and we are seeing a build-up in the order pipeline for Products and Solutions which carry a bigger profit margin than services. This fact is starting to be reflected in the numbers for the quarter to June and we expect this trend to continue in subsequent quarters in FY 2011.We are also pleased to see the cross selling of solutions and services amongst the acquired companies and the parent is getting traction. As we progress, we see huge opportunities ahead in all of our activities for further growth and consolidation of our business" commented Mr Sudarshan Venkatraman, CEO, Zylog Systems Limited.
Notes to Editor
About Zylog Systems
Zylog Systems Limited (BSE Code: 532883 , NSE Code : ZYLOG.NS) is an ISO 9001 certified and CMM Level 4 assessed provider of Onshore, Offshore & Near shore Technology Services. Zylog offers a range of I.T products and solutions to its global customers across multiple verticals like Banking, Insurance, Telecom, Government, etc. Established in 1995, the Company presents substantial cost savings and enhanced performance associated with a secure and effectively managed global development model. The Company has strong presence in USA, Canada, Europe, Middle East, Singapore, Malaysia and India.