Mumbai: Tata Group firm Tata Elxsi stated that its net profit registered close to three-fold jump in net profit to Rs 21.84 crore for the quarter ended March 31, 2014 from Rs 8.13 crore in the same quarter of 2012-13.
The revenues of the company grew 29.4 per cent to Rs 211.5 crore in the said quarter from Rs 163.4 crore in the year-ago period, the company said in a statement. For the fiscal ended March 31, 2014, the company's net profit zoomed over three-fold to Rs 72.2 crore, while revenues rose 24.6 per cent to Rs 774.7 crore compared to the previous fiscal. System integration and support services accounted for Rs 92 crore, while software development and services contributed Rs 682.7 crore of the fiscal's revenues.
Sundaram Infotech Solutions, the IT arm of Sundaram Finance, today said it has implemented its SmartLend 3G lending software for Sakthi Finance Ltd. The solution will help the Coimbatore-headquartered NBFC address the business needs for retail and corporate lending and SME loans through modular approach that includes lead management, hire purchase, asset loan and collection among others, Sundaram Infotech said in a statement. The solution is expected to enable Sakthi Finance take faster and more effective business decisions across its close to 40 branch network spanning across the south India markets.
Digital media solutions firm, Networkplay has inked an exclusive pact with Delhi International Airport Ltd to create an airport?TV network at the Terminal 3 at the Indira Gandhi International Airport (IGIA). Commissioned in the year 2010, T3 is the world's eighth largest passenger terminal. The airport-TV network will air HD content, airing a mix of short-form and long-form content. This is one of Networkplay's biggest deals for the year and underpins its foray in managing end-to-end TV media platforms and offering advertisers an audience-centric approach to media which is platform agnostic, it said in a statement.
