Press Releases


Revenue higher in H1 by 14.3%

Chennai, 29th October, 2008 -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 2nd quarter (Q2) and First half year (H1 FY09) ended 30th September, 2008 of financial year 2008-09(FY09).

Healthy Topline Growth

  • Consolidated revenues for H1 FY09 were Rs. 130.12crore, reflecting a 14.3% growth over revenues in corresponding half-year last fiscal (Rs.113.89 crore)
  • Consolidated revenues for Q2 FY09 were Rs.70.98 crore, reflecting a 18.4% growth over the revenues in corresponding quarter last fiscal (Rs.59.94 crore)

Profit and EPS

  • For H1 FY09, the consolidated Net Profits after Tax (PAT) stands at Rs. 0.81 crore
  • Operating expenses for H1 FY 09 were Rs 121.47 Crore, higher than the corresponding period for FY 2007 by 18.9%
  • Depreciation and Amortization for H1 FY 09 were Rs.5.32 Crore, higher than the corresponding period for FY 2007 by 204%
  • Financial charges for H1 FY 09 were Rs 2.75 Crore, higher than the corresponding period for FY 2007 by 231%
  • Consolidated Earnings per share-basic (EPS) for H1 FY09 is Rs 0.65.

Business Highlights - for Q2 and H1 ended 30th Sept 2008

  • The split up of H1 sales revenues is follows:
    • Segment- wise:
      • Enterprise Solutions (inclusive of commodities solutions) -63%
      • Product Engineering Services (Technology solutions) - 37%
    • Geography:
      • N. America - 72%
      • Europe & UK -21%
      • Rest of the world including India - 7%

Commenting on the results, Mr. Sam Santhosh,CEO, Calsoft said, ".The company has plans for increased growth momentum through a prudent and focused acquisition strategy that brings good business synergy."

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 1000 professionals. The group has development centers in Chennai ,Bangalore and Mysore in India and Pleasanton, (California), Alameda (California) ,Boston (MA), San Jose 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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