Kale Consultants net profit up 26%

IT company Kale Consultants reported a net profit (consolidated) of Rs 2.87 crore for the second quarter ended September 30, 2007, up 26.4 per cent, compared with Rs 22.74 crore in the corresponding quarter last year. Revenue was Rs 36.58 crore (Rs 21.91 crore), up 66.9 per cent.

Vipul Jain, CEO & MD, said, "The acquisition of Zero Octa and the strategic alliance with ATPCO has strengthened and consolidated our position in the revenue management and accounting space. This has resulted in a revenue growth of 67 per cent, which is in line with our strategic objectives."

The employee strength has grown from 900 to 1,500 professionals. The company added over 25 new customers, bringing the total clients to 80.