Blue Star Infotech achieves outstanding growth with the highest ever second quarter;Total Operating

The total operating income for the half year was up by 43% as compared to the last year.
By: Blue Star Infotech
 
MUMBAI, India - Oct. 17, 2013 - PRLog -- Blue Star Infotech Limited, the global software services and solutions provider, today announced a 39% increase in consolidated total operating income at Rs. 6906 Lakhs for the quarter ended September 30, 2013, compared to Rs. 4965 Lakhs for the same quarter last year. The total operating income for the half year was up by 43% as compared to the last year. The profit after tax for the quarter grew to Rs. 306 Lakhs compared to Rs. 135 Lakhs for the same period last year, a growth of 127%.  The total operating income has grown by 16% from the last quarter i.e. Q1, FY 13-14.

Key Business Highlights

·         Strategic partnerships in mobile business applications, which will be leveraged for future growth

·         Achieved considerable traction in mobility services and have expanded service offerings

·         Blue Star continues to further strengthen its leadership team with diverse and experienced leaders and has appointed Rohit Sinha as Head of Sales for India, Singapore and Europe

Key Client Wins

Blue Star Infotech has won some significant deals in the last quarter competing against large service providers

·         The company has won a deal to provide core software services to one of the world’s largest financial corporation that ranks in Forbes Fortune 100 list

·         Signed a significant deal to provide mission-critical platform for future business requirement to one of the leading relocation companies in the Indian subcontinent, the Middle East and Asia

·         Blue Star Infotech won a multi-million dollar deal from a prominent telecom player for providing services under Business Intelligence and Analytics

Commenting on the results, Sunil Bhatia, MD & CEO, Blue Star Infotech Ltd. said, “We have seen consistent growth since last eight quarters. This remarkable progress is validation of our business strategy adopted two years ago. Our continued focus on our core competencies in verticals like travel and hospitality and services like Product Engineering and Analytics has helped achieve our targets. Additionally, our foray into emerging technologies like mobility has also begun to show results. We will strengthen our way forward through partnerships with leading players in our focus areas. We will continue to invest in solutions as well as our sales capacities.”

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/Analytics, Mobility and Cloud Computing.

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’s prospects and make informed investment decisions. This release and other written and oral statements that we make periodically contain such forward-looking statements that set out anticipated results based on the Management’s plans and assumptions. We have tried, wherever possible, to qualify such statements by using words such as ‘anticipates’, ‘estimates’, ‘expects’, ‘projects’, ‘intends’, ‘plans’, ‘believes’ and words and terms of similar substance in connection with any discussion of future operating or financial performance.

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.
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Tags:Q2 Results, Blue Star, Blue Star Infotech
Industry:Information technology
Location:Mumbai - Maharashtra - India
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