Visualsoft Q2 Net Up 72.48 Per Cent

Hyderabad: | Updated: Oct 18 2002, 05:30am hrs
VisualSoft Technologies Ltd has reported a 72.48 per cent growth in net profit and 23.72 per cent growth in total income for the second quarter ended September 30, 2002 as against the same period last year. The sequential growth of the net profit and total income, however, resgistered a growth of 9.54 per cent 6.54 per cent, respectively.

The total income for Q2 of current fiscal was at Rs 30.92 crore (Rs 24.99 crore) and the net profit shot up to Rs 8.07 crore (Rs 4.68 crore). Earnings per share (basic) for the quarter improved at Rs 4.11 as against Rs 2.38 during the same period last year.

For the half-year, the total income stood higher at Rs 57.78 crore (Rs 51.87 crore) while the net profit was higher at Rs 15.44 crore (Rs 13.42 crore).

Following the switching over to solutions, the income from services has been witnessing continuous growth. The income from services improved to Rs 28.64 crore as against Rs 22.28 crore in the same period previous year.

Meanwhile, VisualSoft Technologies has announced the support for Microsoft .NET mobile application development, which allows applications to communicate and share data over the Internet using mobile devices.

The company offers its customer solutions for building and deploying XML (eXtended Mark-up Language) Web services that can be part of a mobile Web application as well as be consumed by a smart client application based on the .NET Compact Framework, the company said here on Thursday.

VisualSoft solutions including deploying and accessing XML web services, corporate data and stock information on mobile devices running the .NET framework, which enables companies to address the information requirements of their customers readily and cost-effectively.