Press Releases


Calsoft continues the growth momentum

Q1 Revenue growth at 10% & PAT 14% YOY

Chennai, 23rd July, 2008 -California Software company Limited (Calsoft) (BSE:cali.bo, NSE:cali.ns), 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 2008-09.

Topline Growth

Total Consolidated revenues for Q1FY09 were Rs.59.14 Crores, reflecting a 10% growth over the revenues in same quarter last fiscal (Rs. 53.95 Crores).

PAT growth

For Q1 FY09, the consolidated Profits after Tax of Rs.2.48 Crores show a growth of 14% over the corresponding quarter in the previous fiscal (Rs.2.18 Crores). Consolidated Earnings per share (basic) for the quarter stands at Rs.2.01.

Please see Annexure1 for standalone and consolidated results.

Business Highlights-for the quarter ended 30th June 2008.

  • The sales revenues split up was as follows:
    • Segment-wise: Enterprise Solutions- 59 % Calsoft Labs-41 %
    • Geography: N.America- 65 % Europe- 23 % Asia-Pacific Region including India-12%.
  • There were 1038 employees as on the quarter end.

Commenting on the results, Mr.S.Santhosh, CEO, calsoft said, “ The results for the first quarter are positive considering the difficult global business scenario. Our growth in revenues has been primarily due to a increased growth across our SBU's and increased sales in the European market".

Current Year Prospects and Outlook (2008-09)

The outlook for 2008-09 looks promising. The company proposes to continue its growth planned on a combination of organic growth coupled with synergistic acquisition strategy of products & service companies in related domains that will bring in overall value to the company as well as its offerings to the customers.

For further details,

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

   

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