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January 23, 2004 - Tata Elxsi announced a 48.91% increase in the profit-before-tax (PBT) for the period ending December 31, 2003 at Rs. 686.50 lakhs as compared to Rs. 461.02 lakhs of the corresponding period of the last financial year.
Commenting on the results, Mr. Madhukar Dev, CEO- Tata Elxsi Ltd said, “By adding to our customer portfolio, we have been able to maintain the upward trend since our last quarter. This performance reinforces our commitment and gives us the confidence to maintain the momentum in the coming quarters.”
Tata Elxsi’s revenues for the reported quarter amounted to Rs. 3,885.09 lakhs, as compared to Rs. 2571.78 lakhs for the corresponding quarter of the previous year. The company’s Systems Integration division, which caters to the domestic market, declared a turnover of Rs. 4,212.66 lakhs recording a significant increase of 102.56%. While the Software Development and Services segment declared a turnover of Rs. 6,728.48 lakhs recording an increase of 17.43% for the quarter ending December 2003.
About Tata Elxsi
Tata Elxsi Limited, the Product Design arm of the multi-billion Tata Group, is a company focused on delivering outsourced Product Design and R&D services and solutions to customers worldwide. Core technology strengths, domain skills, system engineering capabilities, custom processes for design and proficient designers form the nucleus of the company. Tata Elxsi is a SEI CMMi Level 5 company.
Headquartered in Bangalore, India, the company is supported by a strong network of offices all over the world. Tata Elxsis design services are supported by state-of-the-art design and development centers in Bangalore and Thiruvananthapuram in India. Tata Elxsis local presence in the USA, UK, Germany, Canada and Japan assures easy access to the companys global customers as well. Tata Elxsi is a public stock company traded in the Indian stock exchanges.
Media contact
Tata Elxsi Limited
Anishkumar
Ph: 080 22979123
Email: anish@tataelxsi.co.in |
