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Blue Star Infotech witnesses best ever quarter on quarter revenue growth at 49%
Blue Star Infotech Limited, the global software services and solutions provider, today announced a 49% increase in consolidated income
By: Blue Star Infotech
Key Business Highlights
· The company strengthened its foothold in emerging technologies such as Business Intelligence and Analytics by entering in a strategic alliance with Activecubes Solutions India Pvt. Limited. Activecubes is a global firm operating in Decision Management space, providing Business Intelligence and Analytics solutions
· The company has expanded its global presence by opening up a new centre in Malaysia
· Increased revenues from USA operations and the transition of existing clients into million dollar accounts have considerably contributed to the company’
The company has consistently grown for seven consecutive quarters. The key reasons for this significant growth in the last quarter are expansion of its strategic accounts as well as increase in annuity business. The company’
Commenting on the results, Sunil Bhatia, MD & CEO, Blue Star Infotech Ltd. said, “One of the key reasons for our noteworthy growth is increase in business from strategic accounts and existing customers through superior account management. Also, we see positive business sentiment in our largest market, US. The company also sees a lot of traction in ASEAN region and hence the plan to come up with a new center in Malaysia. In the coming months, our focus would also be towards leveraging our Global Delivery Model primarily through the Milwaukee center. Creation of Intellectual Property in emerging technologies like cloud and in our key target verticals such as Travel & Hospitality would continue to be an important focus area in the coming quarters.”
About Blue Star Infotech Ltd.
Blue Star Infotech Limited (www.bsil.com), a technology consulting and services company, combines the best of engineering, creativity and technology to deliver the next generation of software solutions to its global customers and enable them to be future-ready.
Part of the well-known Blue Star Group, Blue Star Infotech is a listed company with its global headquarters in Mumbai, India, and with operations in USA, UK, Europe, Malaysia, and Singapore. The Company is focused on delivering value-added and future-proofed software solutions by leveraging emerging technologies and trends while preserving existing investments for gaining competitive advantages. Teams comprising of engineers, designers and consultants across the globe work in conjunction with our labs and partners to deliver a superlative customer experience and best-in-class software solutions.
Blue Star Infotech caters to the IT and software R&D needs of enterprises globally, and offers a broad spectrum of services ranging from Application Development and Management, Product Engineering, Package Implementation and Testing to emerging areas such as Business Intelligence/
Blue Star Infotech has successfully completed more than 800 major IT projects on a wide range of hardware and software platforms. It has delivered more than 1600 product releases for its technology customers worldwide. Its technology labs for Mobility, Cloud Computing, Analytics and Usability Engineering incubate and propagate new methodologies, standards, tools and solutions. This coupled with its CMMi Level 5 and ISO 9001:2000 assessed Quality Assurance processes, assures world-class standards for all its deliverables.
Forward looking statements
We have disclosed forward-looking information so that investors can comprehend the Company’
We do not guarantee that any forward-looking statement will be realised, although we believe we have been diligent and prudent in our plan and assumptions. The achievement of future results is subject to risk, uncertainties and validity of inaccurate assumptions. Should known or unknown risks or uncertainties materialise, or should underlying assumptions prove inaccurate, our actual results could vary materially from those anticipated, estimated or projected. Investors should bear this in mind as they consider forward-looking statements. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
For more information, please contact:
Blue Star Infotech Ltd.
8th Floor, The Great Oasis,
Plot No D-13, MIDC, Andheri (East),
Mumbai - 400 093, India
Tel: +91-22 6685 6969
Fax: +91-22 6688 6999