Thinksoft Global Q3FY12 total income increases 52% y-o-y to Rs 33 cr

Financial Software testing pioneers, Thinksoft Global Services Ltd. (BSE:533121) (NSE: THINKSOFT), announced its Q3FY 2011 - 12 results. Thinksoft Global Services is a specialist in financial and banking software testing services, and is the only listed independent testing service provider in India. The results are available on the company’s website,http://www.thinksoftglobal.com

Performance Highlights

• Consolidated Quarter Review
• Consolidated revenues stood at Rs 29.6 crore; up by 44.6% YoY.
• Consolidated Net Profit for the quarter stands at Rs 2.7crore, an increase of 248% YoY.
• EBIDTA Margin stood at 6.1% as against 6.0% in Q3FY11 - an increase of 10 bps.
• Basic EPS for the quarter stood at Rs2.74, 248% jump YoY.

Consolidated 9m Review

• Consolidated revenues stood at Rs 87.7 crore; up by 42.4% YoY.
• Consolidated Net Profit for the 9mFY12 stands at Rs 8.5 crore, an increase of 431% YoY.
• EBIDTA Margin stood at 9.1% in 9mFY12 as against 4.3% in 9mFY11 - an increase of 480 bps.
• Basic EPS YTD stood at Rs8.50, increase of 431% over the same period last year.

Commenting on the company’s performance, Mr. A V Asvini Kumar, Chairman & Managing Director, Thinksoft Global, said, "The quarter under review was in line with our expectation driven by performance from the North America and Asia geographies. The Banking segment demonstrated strong growth during the quarter contributing 48.1% of our consolidated revenues. The deal pipeline remains robust which gives us the confidence of sustaining this performance going ahead.”