Zylog Systems FY11 revenue up 95.5 percent at Rs 1916 crore

Zylog Systems
registered 95.5 percent growth in consolidated revenue for the fiscal ended
March 31, 2011 at Rs 1,916 crore.


The company’s
net profit increased to Rs 145.1 crore, reporting 43.8 percent increase during
the last fiscal.


Zylog Systems’
consolidated r
evenue for the fourth quarter of 2010-11 stood at Rs
501.2 crore, up 47.8 percent. Net profit grew by 21.5 percent to Rs 34 crore.


I am pleased
to announce that Zylog has had a great year in terms of revenue growth with our
consolidated yearly revenue closing at Rs 1916 crore, an increase of almost
95%. While the acquisition of Brain Hunter had a role to play in this
stupendous growth, what pleases me most is the fact that we have been able to
drive operational efficiencies into our Canadian operations and we expect to
continue this going forward,” said Sudarshan Venkatraman, chairman & CEO,
Zylog Systems.


We are also
buoyed by the bottom line growth on the back of increased acceptance of our
products and solutions business which has displayed significant traction. From
an Indian context, our retail business i.e. Wi5 is seeing increased acceptance
across multiple states and we do foresee a strong growth for this business in
the current fiscal,” Venkatraman added.


By TelecomLead.com Team
[email protected]

Latest

More like this
Related

Canada asks 5% revenue share from online streaming services

Telecoms regulator said online streaming services operating in Canada...

Vodafone Idea reveals Capex, Opex, 4G coverage, ARPU in January-March

Vodafone Idea has revealed its financial result – Capex,...

Huawei revenue grew 37% to $24.64 bn in January-March quarter

Huawei Technologies said its revenue for the January-March quarter...

FCC okays T-Mobile’s $1.35 bn Acquisition of Mint Mobile

The U.S. Federal Communications Commission (FCC) announced its approval...