TAKE Solutions revenue up by 45%

TAKE Solutions Ltd, a leader in the Supply Chain Management (SCM) and Life Sciences (LS) domains, announced the financial results for quarter ended September 30th, 2011 today. The Company has posted healthy revenues of INR 1709 Mn for this quarter which is 44% increase against the corresponding quarter ended September 30th, 2010. Net Profit for the quarter ended September 30th, 2011 was INR 202 Mn. This represents an increase of 24% over the same period last year.

Commenting on the Company’s performance, S Sridharan, Managing Director, TAKE Solutions said, “The performance of this quarter has been as per our expectations. Critical foundations were laid during this quarter to increase capacity for LS practices, SCM business services and cloud infrastructure for our SaaS offerings.”

He further added, “We are happy to be recognised as a Leader in IDC MarketScape: Worldwide Life Science R&D IT Outsourcing 2011, which stands as a testimony of our leadership in the domain we operate. IDC’s research confirms that our commitment to enable customer successes by delivering life sciences industry expertise and business technology skills is strengthening our competitive edge. We will continue to focus on thought leadership and strengthening our Management teams to augment our future business growth and expand rapidly.”