TAKE Solutions Revenues Soar by 47% in Q1FY12

TAKE Solutions Ltd. [BSE: 532890 | NSE: TAKE], leaders in Supply Chain Management (SCM) and Life Sciences (LS) products, announced their first quarter results today. The Company posted healthy increase of 47% in revenues to INR 161 crore for the quarter ended June 30, 2011 as against INR 110 crore for corresponding quarter ended June, 2010.

Commenting on the Company’s performance, Mr. S Sridharan, Managing Director, TAKE Solutions said, “We are thrilled to deliver our best quarter revenue increase up by 47% and profit up by 51% compared to corresponding quarter last year. This is the third straight quarter where we have witnessed highest quarter revenue growth and we are focused and excited about building on this success.”

He further added, “We are equally excited about the opportunities and growth unfolding in the cloud computing space, to capitalize on this, we are also in the process of launching more products in this horizon to complement our existing OneSCM solution.”

He concluded by saying, “Our performance in this quarter has not only strengthened our confidence for a better performance in the coming quarter; it has also helped us work towards having a healthy pipeline of opportunities to fuel TAKE’s growth.”