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  Read PSI’s Q3 FY07-08 Financial Results
 
 
 
PSI announces Q3 FY 2007-08 results  
January 28, 2008
 
PSI Data Systems Limited (BSE: PSI/532199), the IT solutions business of the Aditya Birla Group, announced today its financial results for the quarter ended December 31, 2007.
 
Consolidated results for the 9 months ended Dec 31, 2007 reflect
  • Total revenues Rs. 756.42 million compared to Rs. 694.69 million in nine months FY 2006-07.
  • Net profit Rs. 6.86 million compared to Rs.(44.59) million in nine months FY 2006-07.
Consolidated results for the quarter ended Dec 31, 2007 reflect
  • Total revenues Rs. 256.64 million compared to Rs. 222.99 million in Q3 FY 2006-07.
  •  Net profit Rs. 6.20 million compared to Rs.(16.17) million in Q3 FY 2006-07.
Highlights
  • Despite challenging foreign exchange rate environment, total consolidated revenues were up 17% Y-on-Y (29% in foreign currency).
  • Offshore/ Onsite ratio of revenues stood at 61:39 as on Dec 31, 2007 compared to 50:50 at the end of FY 2006-07.
  • 13 new clients added year to date.
  • The Company continues to invest strongly in Marketing initiatives and R&D. In December 2007, PSI was selected in NASSCOM’s 100 IT Innovators 2007 for its comprehensive offering, the PSI Trade Finance Universe for Corporate Banks..

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

 
Contact:
Nilanjan Chaudhuri
PSI Data Systems Ltd
nilanjan.chaudhuri@psi.adityabirla.com
Phone: + 91 80 30558000
 
Safe Harbor
Certain statements in the release could be forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. Investors are advised to exercise their own judgment in assessing various risks and uncertainties associated with the Company.
 
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