Hyderabad: Four Soft® (4S®) (NSE: "FOURSOFT", BSE: 532521), a global leader offering software solutions for Logistics and Transportation industry is pleased to announce its financial results for the third quarter of FY 2011-12.
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9 Months
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Q3
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Rs ( Crore )
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Rs ( Crore )
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Revenues
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93.44
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Revenues
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32.93
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EBIDTA
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9.44
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EBIDTA
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4.08
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PAT
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5.1
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PAT
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2.79
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Key Highlights for Nine Months ended December 31st 2011
· PAT for 9 months at 5.1 Crore and for Q3 at 2.79 Crore (increase of 160% over the corresponding previous quarter)
· Revenues of 93.44 Crore resulting in an increase of 5%
· EBITDA up by 2.65 Crores to 9.44 Crore in the 9 months, a 39% increase.
Palem Srikanth Reddy, Chairman & Managing Director, Four Soft Ltd, said: “With this result the company embarks on the journey to success. At the start of the financial year, we focused on 3 key business areas beginning with launching of all our products on SaaS (Software as a Service) targeting the Shippers, expanding best in class product offerings into North America, Asia Pacific and Japan market and intensifying our new service offerings. We are beginning to see positive results from our investments and we are confident that we would be able to perform consistently in the coming quarters.”
Biju S Nair, CFO, Four Soft Ltd, said: “Our profitability has increased as a result of combination of sales revenue considering the existing volatile economic conditions across the globe, generation of recurring revenues from our existing customers and bringing focus on rationalizing cost and improving service performance.”
