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Mumbai , April 27

PATNI Computer Systems Ltd has reported a net profit of Rs 68.23 crore for its first quarter ended March 31, 2005 compared to Rs 55.96 crore for the quarter ended March 31, 2004, an increase of 21 per cent.

The company reported revenues of Rs 433.75 crore for the quarter, an increase of 38 per cent over Rs 312.74 crore last year. It had recently announced ADS offering, the proceeds of which will be primarily used for the construction and development of new infrastructure facilities.

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