PSI Data Systems announces results for Q2 2006 - 07

Reports revenues of Rs. 237.36 million for quarter ended September 30, 2006
Mumbai, October 17, 2006

PSI Data Systems Limited (BSE - PSID), the IT solutions business of the Aditya Birla Group, today announced its financial results for the second quarter ended September 30, 2006. The results were taken on record by the Board of Directors of the Company at its meeting held on October 17, 2006.

For the second quarter ended September 30, 2006, PSI Data Systems posted revenues of Rs. 237.36 million and a net profit of Rs.2.5 million as compared to revenues of Rs. 218.4 million and a net loss of Rs. 0.29 million in Q2 2005-06. This comes in the wake of PSI Data Systems’ continued improved performance in its pursuit of growth.

PSI Data Systems Limited is the Information Technology business of the Aditya Birla group, one of India's largest business conglomerates. PSI Data Systems is a best-in-class IT solutions company serving Banking, Financial Services and the High Tech markets, globally. PSI Data Systems operates offices in the USA, Europe, Japan and delivery centers in India. For more information visit the PSI Data Systems corporate website http://www.psidata.com