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July 30, 2004 - Tata Elxsi announced a 122% increase in profit before tax at Rs. 536.34 lakhs for the period ending June 30, 2004 as compared to Rs. 241.54 lakhs of the corresponding period of the previous year.
“The outcome of the initiatives taken during the last three quarters, is reflected in our performance this Quarter. The augmented Q1 result, in terms of profit, is primarily due to the change in revenue mix, with the services business of the Company dominating the revenue. We expect this momentum to continue”, said Mr. Madhukar Dev, CEO- Tata Elxsi Ltd.
Tata Elxsi’s revenues for the quarter ending June 30, 2004 amounted to Rs. 3831.39 lakhs as compared to Rs. 3395.69 lakhs of corresponding quarter of the previous year. The company’s Software Development and Services segment recorded 53% growth at Rs. 2787.37 lakhs for the quarter ending June 30, 2004 as compared to Rs. 1815.08 lakhs of the corresponding quarter of the previous year.
About Tata Elxsi
Tata Elxsi Limited, the Product Design arm of the US$11.2 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.
Headquartered in Bangalore, India, the company is supported by a strong network of over 20 offices worldwide. 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. (For more information do visit us at: www.tataelxsi.com)
Media contact
Anishkumar K R
Tata Elxsi Ltd.
+91-80-22979123
info@tataelxsi.co.in |
