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| Allied Digital Q2 net up 125% | | | Annoucement / Companies & Industry August 20, 2007 | | | |
| Mumbai, August 20, 2007: Allied Digital Services Limited(BSE: 532875) (NSE:, Systems Integrator and an IT Infrastructure Management Services Provider company today announced their quarter results with total income of Rs. 65.22 crores for the quarter ended June 30, 2007, an increase of 76.56% as compared to Total Income of Rs. 36.94 crores for the quarter ended June 06. The Net Profit after Tax for the quarter ended June 2007 was Rs. 9.05 crores as against a PAT of Rs. 4.03 crores for the quarter ended June 2006, an increase of 124.57%.
| | | | The share capital of the company has increased from Rs. 1,184 lacs in Dec-06 to Rs. 1,277 lacs presently, due to fresh issue of shares to the public.
| | | | Income from operation has seen the growth of 76.46% for the quarter ended June 30, 2007. During the quarter, Allied Digital has added several large customers like DSP Merry Lynch, Kotak Group and Pidilite Industries to name a few.
| | | | The Company has recently entered the capital market with Initial Public Offer (IPO) of 45,22,435 equity shares of Rs 10 each for cash at a premium. The net issue to the public comprised of 43,22,435 equity shares and 2, 00,000 equity shares were reserved for the employees. The issue received an overwhelming response from the public and was oversubscribed by 60.88 times. The company plans to set up a state of the art Global Service Delivery Centre in Mumbai.
| | | | About Allied Digital Services Limited
| | | | Allied Digital, a Systems Integrator and IT Infrastructure Management Services Provider, operates across a network of 92 locations in 25 states across India and with a team of around 1,250 employees country-wide. Allied enables global, large and medium enterprises and service providers to reduce their total cost of ownership using a combination of onsite and remote services, a preferred choice for outsourced technical support for business-to-business, business-to-consumer, e-commerce and corporate internal environments.
| | | | Allied Digital seeks to enhance its position as a provider of Integrated IT services by addressing new geographies, acquiring new markets, products and services via strategic acquisitions as well as inorganic growth through cross-selling and up-selling. In addition, growth is achieved through sales, marketing initiatives, and strategic deals with OEM's, technology partners, to offer technology solutions, managed services and professional services to global customers.
| | | | The Global Delivery Centre being set up for Remote Management Services consisting of Network Operation Centre (NOC) and Information Security Operation Centre (SOC). NOC provides innovative managed services platform - a key driver for growth in managed services market, whereas SOC provides proactive protection and risk management for enterprise security 24x7 to its customers. In collaboration with E-cop, Allied plans to be one of the first in the country to provide managed security services such as highly specialized 24x7 information security surveillance service, powered by advanced event correlation engine and incident handling technology. The Global Delivery Centre will also house a 250seater Tech BPO.
| | | | Recently, the company had a strategic tie-up with Echelon to foray into Intelligent Building Management and Energy Management Solutions. The company's focus is to invest in future opportunities by expanding in high potential service lines (TBPO and RMS), profitable complex technology and business solutions. It aims to stay ahead by leveraging early-mover advantage in emerging technologies like Intelligent Business Management Systems (IBMS), Managed Security Services(MSS) and Cheque Truncation Services (CTS). | | | | | |
| Allied Digital Q2 net up 125% |
| Annoucement / Companies & Industry Aug 20, 2007, 19:36 IST |
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