Home > Business > Business Headline > Report
Aftek Q1 net profit up by 31%
October 28, 2003 13:29 IST
Aftek Infosys Limited announced on Tuesday that for the first quarter ended September 30, the company's net sales posted a 55 per cent growth at Rs 31.11 crore (Rs 311.1 million), while net profit rose by 31 per cent to Rs 13.08 crore (Rs 130.8 million).
Aftek's operation profit rose by 35 per cent to Rs 13.88 crore (Rs 138.8 million) compared to Rs 10.32 crore (Rs 103.2 million) of the corresponding quarter last fiscal.
Aftek's investment in Munich based Arexera Information Technologies GmbH has not only helped expand its markets outside of the US and Japan, but has also given a boost to its services income.
Income from operations in Europe has contributed to 42 per cent of net income for the first quarter of the current fiscal as compared to 28 per cent for the first quarter of the previous year.
To capitalise on the improvement in the American market, Aftek is laying thrust on boosting its products business by ramping up its US operations. Aftek Infosys Limited has expertise in the enterprise management space with focus on the processes, information and infrastructure segments.