3i Infotech net up 57%

Revenues for the quarter at Rs 352 crore were up 66.9 per cent from Rs 210.96 crore for the same quarter in the last financial year.

Sequentially, net profit was up 3.6 per cent from Rs 48.45 crore and revenues grew by 8.8 per cent from Rs 323.4 crore.

For the full year, the company registered a net profit of Rs 183 crore, up 76.4 per cent, from Rs 103.74 crore reported last year. Revenues grew 82.4 per cent to Rs 1,224 crore (Rs 670.7 crore) for FY08.

V Srinivasan, managing director & CEO, 3i Infotech, said,