For Immediate Release Blue Star Infotech Profits Double Profit after Tax grows 86% to Rs. 569.53 lakhs MUMBAI, INDIA — OCTOBER 17, 2014 — Blue Star Infotech Limited, the global software services and solutions provider, today declared its second quarter results for FY 2014-15. PERFORMANCE HIGHLIGHTS Total Revenue at Rs. 6,420.97 Lakhs as compared to Rs. 6,716.59 Lakhs for the same quarter last year Total Operating Profit grew by 143% and stood at Rs. 630.88 Lakhs as compared to Rs. 259.96 Lakhs for the same quarter last year Half year (H1) operating profit is up 39% at Rs. 902.92 Lakhs as against Rs. 648.58 Lakhs for the same period last year Profit after Tax for the quarter stood at Rs. 569.53 Lakhs, a remarkable growth of 86% as compared to Rs. 306.18 Lakhs for the same quarter last year. This significant rise in PAT is due to improvement in quality of accounts and revenue mix KEY HIGHLIGHTS AND BUSINESS WINS 1. Blue Star Infotech expanded its operations geographically and ventured into the hospitality sector in United Arab Emirates. The company won a new deal from one of the leading international property operators for rendering collaboration and service planning offerings 2. Adding to its already esteemed portfolio of clients in the Travel and Hospitality sector, Blue Star Infotech added a new travel customer - a prominent Online Travel Agent based in US 3. The company won three deals to provide enterprise software services to a Malaysian oil & gas company, to a media house in India and to an engineering company in India 4. Blue Star Infotech was recognized as the Leader in Outsourced Software Development Segment by Zinnov Management Consulting. The company has been positioned in the Leadership Zone in the Consumer Software segment and in Execution Zone in the Enterprise Software segment. 5. Consolidating its position as a comprehensive IT solutions provider and strengthening its client relationships, Blue Star Infotech expanded its service offerings, both quantitatively and qualitatively to some of the company’s existing large accounts. Some of the prominent services the company is providing to its key customers include a. Helping one of its clients, a leading global clinical trial management solutions provider to integrate its recent acquisitions and streamline their IT Infrastructure. Also helping the client to restructure the services they provide to their clients b. Providing mobility testing services to an existing client, an US based multinational technology corporation. We are also devising solutions for the client’s customers c. Partnering a multi-billion Fortune 500 client by providing travel domain consulting services. We are also deploying projects across 24 of the client’s global locations and have opened up 13 new service lines for them MANAGEMENT STATEMENT Mr. Sunil Bhatia, CEO &MD, Blue Star Infotech Ltd. said “We are pleased to announce a strong Q2 performance with significant increase in PAT and Total Operating Profit. We acquired the complete stake of our JV and closed unremunerative business and hence our top line remained flat. We have executed well in the market place and will continue with our growth pace in acquiring new customers and deploying new capabilities. Our internal operations are more streamlined, thereby reducing operational costs. We have also effectively improved the revenue structure.” 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 wellknown Blue Star Group, Blue Star Infotech is a listed company with its global headquarters in Mumbai, India, and with operations in USA, UK, Europe, Canada, 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. 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 1850 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 9001:2008 assessed Quality Assurance processes, assures world-class standards for all its deliverables. For more information, please contact: Sudeshna Mukherjee Blue Star Infotech Ltd. Corporate Communications Tel: +91-22 6685 6969 Email: [email protected]
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