"This quarter, we have achieved strong growth in both our technologies and education business. We are poised for strong growth on all fronts in the coming months", said Mr Kalpathi S Suresh, chairman and chief executive officer, said. Total expenditure was at Rs 83.93 crore (Rs 28.04 crore).

Interest costs was at Rs 1.27 crore (Rs 0.42 crore). Depreciation accounted for Rs 5.58 crore (Rs 3.63 crore). A provision for tax of Rs 4.75 crore (Rs 1.86 crore) has been made. An extra-ordinary/non-recurring expenditure of Rs 2.78 crore has been provided for. Other income was at Rs 7.98 crore (Rs 0.29 crore). Paid-up equity share capital increased to Rs 13.47 crore (Rs 12.11 crore).

The other income includes Rs 3.64 crore on account of exchange rate difference for the quarter. The paid-up capital has increased, due to the issue of shares for the aquisition of Albion Orion Company, USA and employee stock options.The dimunition in value of investments in Indigo International Inc, USA to the tune of Rs 2.78 crore has been provided in the quarter. For the half year ended December 2000, the company has posted an income from operations of Rs 216.96 crore (Rs 76.58 crore) and net profit of Rs 52.66 crore (Rs 15.50 crore).

Of the total operating income of Rs 115.80 crore, the education division accounted for Rs 63.44 crore, the technologies division accounted for Rs 46.03 crore and the enterprise support division accounted for Rs 6.30 crore.SSI Technologies has added 14 new clients like Refco, Singapore, Volbroker, UK, Barclays capital, UK etc. It plans to launch a billing solution for telecom service providers.