Monday, October 25, 2010

Roltas Q1 FY-11 Consolidated Net Profit Grows 33.2% Y-o-Y & 8.2% Q-o-Q

Mumbai - Rolta India Limited, a of India's heading IT companies, specializing in Enterprise Geospatial & Defense Solutions (EGDS), Enterprise Design & Operation Solutions (EDOS), and Enterprise IT Solution(EITS), currently voiced unaudited financial results for Quarter finished September 30, 2010 (Q1 FY-11).

Commenting on the results, Mr. K. K. Singh, Chairman and Managing Director, said: "The Company one after another to make vital investments in formulating egghead skill by in-house initiatives, joined with merger of best-of-class technologies. This draw close is commencement to bear fruit, with the Company right away gift differentiated solutions that not usually order aloft value, but moreover settle a flourishing bottom for payments revenues and softened margins."

During the formerly year, the Company was focused on formulating differentiated solutions in any of the lines of business. This entailed poignant investments in growth and merger of key technologies. The Company is right away starting to reap the benefits from these vital initiatives. The Company is right away saying concrete signs of mutation of its business that is clear in the inlet of its pipeline, that has not usually grown in volume, but moreover has ever stepping up opportunities for solutions sales, rsther than than usually services. To erect and maintain this IP-driven strategy, the Company continues to serve intensify its product growth and smoothness organization, primarily by inducting comparison and rarely expert staff.

As a unwavering strategy, the Company is moreover compelling cross-selling of the services to customers in any of its lines of business. This is assisting to earn a larger share of customers’ IT spends, primarily in the mainstream IT space.

The Board has been strengthened with the appointment of Mr. T. C. Venkat Subramanian, w.e.f November 1 2010. Mr.Venkat Subrmanian is a approved friend of Indian Institute of Bankers with over 37 years of veteran experience in financial zone having worked in EXIM Bank Of India, given its inauguration in 1982. Mr. Venkat Subramanian late in October 2009 after 81/2 years as Chairman and Managing Director of Export-Import Bank Of India (EXIM Bank of India).

Enterprise Geospatial and Defense Solutions (EGDS)

The Company one after another to increase functionality and features to the Rolta Geospatial Fusion™ solutions framework. This unique answer stage has gained far-reaching acceptance in intricate craving far-reaching applications for spatial observation and formation of business intelligence, in a accumulation of attention segments and applications. In India, for example, the Company is entangled in the doing of the Government’s desirous Accelerated Power Development and Reforms Programme (R-APDRP). Similarly, you are moreover attainment movement in the general markets, primarily in the Middle East. The Company requisitioned a few poignant orders during the quarter, and was able to location itself strongly for extra opportunities.

With a pointy concentration on office building state-of-the-art solutions for Defense and Homeland Security, the Company not long ago completed the merger of world-class technologies from Mariner Group of USA for Maritime (coastal) safety solutions. This merger serve strengthens the Company’s thorough portfolio and positions it really good to residence vicious and intricate mandate of agencies accountable for nautical monitoring, coastal security, insurance of ports, shipping channels and coastal regions - all really applicable and vicious world-wide, primarily in India with a 7500 km coastline.

The Company continues to maintain its care in the Indian Defense markets with its ‘Operations,’ ‘Intelligence’ and ‘Logistics’ solutions basically formed on Rolta IPR, deployed opposite the nation and in use by thousands of users in active operations. The Company provides comprehensive, path-breaking Earth Science solutions with a few of the many modernized Geo-Imaging and Photogrammetry capabilities similar to automatic change detection, etc. The Company has introduced many field-proven, high-technology solutions and significantly lengthened its ability to supply state-of-the-art C4ISTAR solutions. The Company right away has the ability of providing and integrating large, intricate systems for Military Communications and with its Industrial Licenses for production Defense equipment, the Company is singly positioned to residence vicious multi-billion dollar modernization programs of the Indian Armed Forces.

Enterprise Design & Operation Solutions (EDOS)

The Company continues to serve rise and complement its innovative solutions for plant operations. From traditionally addressing the pattern and growth needs outset from capex mandate of Oil, Gas, Petrochemical and Power plants, the Company currently moreover addresses the considerable persisting mandate of working plants with Rolta OneView™ - a set of solutions built by leveraging Rolta’s domain expertise in engineering and Business Intelligence (BI) The OneView™ horizon is margin proven at considerable enlightening services in USA, Europe and South Africa and good received in other markets, such as in the middle-east and India.

The Company has received key orders in the made at home and general markets for sophisticated engineering and technology services from organizations in heterogeneous sectors inclusive chief power, space investigate and oil refining, and petrochemicals.

Enterprise IT Solutions (EITS)

Rolta continues to intensify and erect its EITS portfolio and capabilities and right away has the full smoke-stack of IT solutions with top-of-the-line offerings that bring together the ultimate technologies of Cloud Computing, EAI, SOA, Enterprise GIS, Geospatial, Data Integration and Business Intelligence. The section is focused on developing and upgrading the Company’s IP to complement the worth tender to the customers, and intensify the station in the marketplace by gift unique technological approaches. The Company not long ago launched Rolta iPerspective™ Suite 2.0,- a world-class, hurried application growth workbench focused on EAI. This Suite uses a absolute template formed formation part era engine that creates, builds and deploys formation components automatically, drastically shortening the bid compulsory in EAI projects. To serve complement its own IP-based solutions-oriented strategy, the Company continues to enlarge its abounding card file of IP assets. The Company is in modernized stages of substantiating the viability of Rolta iPerspective at a few major corporations, and is steadily office building its tube for high-value solutions in EITS.

About Rolta:Rolta is an Indian multinational group that has executed projects in over 40 countries. Rolta serves these markets by providing innovative Enterprise Geospatial & Defense Solutions (EGDS), Enterprise Design & Operations Solutions (EDOS) and Enterprise Information Technology Solutions (EITS). Rolta and its J.V. with the Shaw Group Inc. USA, Shaw Rolta Ltd., supply thorough Engineering, Procurement and Construction Management (EPCM) services to encounter warden plan mandate of power, oil, gas and petrochemical sectors. Rolta provides state-of-the-art solutions for C4ISTAR data systems, Military Communications, Digital Soldier and Vehicle Systems, casing the whole "sensor to shooter" chain, and sophisticated Homeland Security Solutions formed on its own egghead property, inclusive technologies acquired from world leaders, and by leveraging its partnerships with heading invulnerability and safety companies, similar to Thales, France. Rolta, headquartered in Mumbai, employs over 4000 professionals with countrywide infrastructure and general subsidiaries opposite the globe. The Company has benchmarked its high quality processes against the world's most appropriate high quality standards. Rolta is accredited with the prestigious ISO 9001:2008, the typical for Quality Management System; BSI ISO/IEC 27001:2005 certification, the ultimate benchmark for data security; the BSI ISO/IEC 20000-1:2005 IT Service Management Standard, and the Company has been assessed at Maturity Level 5 of the Capability Maturity Model (CMM). Forbes Global has ranked Rolta amongst the "Best 200 beneath a Billion" for 4 times in 6 years. Rolta has been enclosed in the S&P Global Challengers List™ 2008, by Standard & Poor’s. This List identifies 300 mid-sized companies worldwide that have shown the top growth characteristics along measure encompassing inherent and foreign growth. Rolta has been ranked at the #2 location as a elite employer and at the 4th location in on the whole ranking in the 2010 DATAQUEST consult of Best Employers in the IT sector. The Company is listed on the Bombay Stock Exchange and National Stock Exchange in money and F&O segment, and forms part of BSE Midcap, BSE 200, BSE 500, BSE IT, BSE TECK, CNX IT, CNX 500 and NIFTY Midcap 50 indices. The Company's GDRs are listed on the Main Board of London Stock Exchange and its FCCBs are listed on the Singapore Stock Exchange.

For extra information

Hiranya Ashar   Director Finance & CFOTelephone: 91-22-2926 6666  E-mail: .(JavaScript contingency be enabled to perspective this email address)

A. P. Singh  Joint Managing DirectorTelephone: 91-22-2926 6666  E-mail: .(JavaScript contingency be enabled to perspective this email address)

Ben Eazzetta   President, International OperationsTelephone:+1 (678) 942 5000  E-mail: .(JavaScript contingency be enabled to perspective this email address)  

Disclaimer: This press let go includes statements that are not chronological in inlet and that might be characterized as "forward-looking statements", inclusive those connected to future financial and working results, benefits and synergies of the Company's brands and strategies, future opportunities and the growth of the marketplace for open source solutions. You should be wakeful that Rolta's real results could deviate materially from those contained in the forward-looking statements, that are formed on stream expectations of Rolta administration and are theme to a number of risks and uncertainties, including, but not paltry to, Rolta's ability to confederate acquired operations and employees, Rolta's success in executing its strategies, Rolta's ability to take a aggressive location in the industry, business conditions and the general economy, marketplace opportunities, promising new business strategies, aggressive factors, sales and selling execution, shifts in technologies or marketplace demand, and any other factors. We might make extra created and verbal forward-looking statements but do not undertake, and dissent any obligation, to refurbish them.

No comments:

Post a Comment