Mumbai: IT solutions provider 3i Infotech on Friday said its consolidated net loss for the quarter ended March, 2014 widened to Rs 102.42 crore. ‘The company had registered a net loss of Rs 74.32 crore in the corresponding quarter a year ago’, as per the BSE records.
Revenues also declined marginally to Rs 334.7 crore in the fourth quarter of fiscal year 2013-14, from Rs 337.75 crore a year ago. Revenues from IT solutions accounted for Rs 316.3 crore, while those from transaction services stood at Rs 18.4 crore.
For the year ended March 31, 2014, the company registered a lower net loss of Rs 357.56 crore as against Rs 504.97 crore in the previous fiscal year. Revenues declined marginally to Rs 1,307.89 crore in 2013-14, from Rs 1,311.36 crore in 2012-13.
