The Hindu Business Line : Sasken Q1 net rises 38 pc

Sasken Communication Technologies has reported a 38 per cent rise in net profit over a 17 per cent rise in revenues for the first quarter of the current fiscal.

The company reported a net profit of Rs 8.65 crore on revenues of Rs 91.12 crore during the period compared to a net of Rs 4.77 crore on revenues of Rs 67.74 crore in the corresponding period previous year.

"Both in sequential and corresponding quarter terms, our topline and bottomline performance have been as expected. Specifically on the service side, we have recorded an annual growth rate of 40 per cent and a sequential quarter growth of 19 per cent. Products continue to be on track and we expect handsets containing Sasken IP to start shipping from November 2006," said Mr Rajiv Mody, Chairman and Chief Executive Officer.

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