Date:27/04/2006 URL: http://www.thehindu.com/2006/04/27/stories/2006042705382009.htm

Business - Briefly

Megasoft profit up

HYDERABAD: Megasoft, a transnational intellectual property-driven, product-based technology company, has announced revenues of Rs. 35.89 crore and a net profit after tax of Rs. 7.46 crore in the first quarter of its fiscal 2006, up 37 per cent from the corresponding quarter last fiscal. In a press release, G.V. Kumar, Managing Director and CEO, said telecom segment revenues had grown by 113 per cent. The company had achieved its target of 100 per cent growth.