New Delhi: Tulip IT Services Ltd posted 20.24% increase in net profit at Rs33.03 crore for the fourth quarter (Q4) ended 31 March, compared with Rs27.47 crore during the same period last year.
The company reported revenues of Rs293.10 crore for the quarter ended 31 March, an increase of 64.25%, compared with last year’s corresponding quarter, a company statement said.
“During the year, we expanded our sales teams and enhanced our delivery capabilities by expanding our network footprint to over 800 cities. We’re seeing early returns from these investments,” Tulip IT Services chairman and managing director H.S. Bedi told reporters.
For the year ended 31 March, the firm reported revenues of Rs843.24 crore, an increase of 65.55%.
Bedi added: “Our efforts in 2007-08 will be centred on further improving cost efficiencies and providing significant quality of service differentiation and cost advantages to our customers.”