Press Releases


Calsoft continues the growth momentum

Revenue growth at 49% & PAT 214% YOY

Chennai, July 28th, 2007 - California Software Company Limited (Calsoft), today announced that its board of Directors had taken on record and approved the un-audited financial results for the 1st quarter of financial year 2007-08.

Robust Topline Growth

Total consolidated revenues for Q1FY08 were Rs.5395 lakhs, reflecting a 49% growth over the revenues in same quarter last fiscal (Rs 3624 lakhs)

Profit and EPS growth in tandem

For Q1 FY08, the consolidated Net Profits ot Rs.218.10lakhs­ show a growth of 214% over the corresponding quarter in the previous fiscal (Rs 69.53 lakhs) Consolidated Earnings per share (basic) for the quarter increased to Rs2.41-an improvement of 90% over corresponding quarter previous fiscal (Rs.1.27)

Business Highlights – for the quarter ended 30th June 2007

  • The sales revenues split up was as follows:
  • Segment
    Enterprise Solutions - 68%
    Technology Solutions - 28%
    Commodity Solutions - 4%
  • Geography
    N. America - 63%
    Europe - 32%
    Asia-Pacific Region including India - 5%
  • There were 819 employees as on the quarter end.

Commenting on the results, Mr. K. N.Nayak, CFO, Calsoft said, “The measures taken during the previous two quarters in terms of acquisitions, rationalising of subsidiaries and enhanced share of sales from Europe in this quarter have contributed to this improvement”

The company is not in the practice of issuing any guidance, but believes that the outlook for 2007-08 will be robust. The group plans to grow organically as well as through a prudent and focused acquisition strategy that brings synergies to its customer solution offerings.

About Calsoft

California Software Company Ltd (Calsoft) is a public limited company in India with a global presence. Its development practices are certified at CMMi Level 5. Founded in 1992, Calsoft group including subsidiaries currently employs over 850 employees. The group has development centers in Chennai and Bangalore in India and Pleasanton, (California), Alameda (California) ,Boston (MA) in the USA. Calsoft group has marketing offices in the US, UK, Singapore, Japan, China, Taiwan, Dubai, Hong Kong, Copenhagen and in India. Calsoft is listed in India at NSE (cali.ns) and BSE (cali.bo). For more information on Calsoft visit www.calsoftgroup.com

For further details,

N Anita
Manager - Corporate Communications
Ph: +91 44 4282 9000
anitan@calsoftgroup.com

   

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