Intense Technologies posts 27 percent growth

Software product development company Intense Technologies has posted 27 percent growth in the revenues during the third quarter ended Dec 31.

The company reported net revenues of Rs.12.63 crore, up from Rs.9.98 crore during the same quarter of the last fiscal year.

The bottom line growth is up from Rs.1.91 crore to Rs.4.10 crore, a jump of 114 percent compared to the corresponding period of the last fiscal, said a company statement here Thursday.

With mandates for its brand Uniserve360 by telecom majors growing worldwide, Intense expects the momentum to continue while it consolidates its growth in overseas markets.

The BSE-listed company believes strong foray into new markets has enabled it to expand its customer mandates rapidly.

"This quarter is a great illustration of our product strategy and revenue profile of our company. As products successes are replicated across geographies we expect to see healthy bottom line," said C.K. Shastri, chairman and managing director of Intense Technologies.