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Blue Star Revenue Records 44 percent Increase in Q3-FY13

Says the company has bagged a device testing deal for a multi-billion Fortune 500 company

Blue Star Infotech Limited has announced a 44% increase in consolidated total operating income at Rs. 6,833 Lakh for the quarter ended December 31, 2013, compared to Rs. 4,736 Lakh for the same quarter last year.

The profit after tax for the quarter grew to Rs. 352 Lakhs compared to Rs. 214 Lakhs for the same period last year, a growth of 65%. YTD profit after tax is Rs. 1,065 Lakhs as against Rs. 438 Lakhs last year, marking a growth of 143%. The revenue for the first nine months at Rs. 19,141 Lakhs has surpassed the entire twelve month revenue of last year Rs. 18,711 Lakhs.

The aggregated revenue of the first three quarters of FY 13-14 is 42% higher than the aggregated revenue of the same period of FY 12-13. As per the release, the company has bagged a device testing deal for a multi-billion Fortune 500 company.

Besides, Blue Star Infotech will be opening a branch in Canada and the company will continue to strengthen its core capabilities in emerging solutions like SMAC (social, mobile, analytics and cloud) and sectors like Travel & Hospitality through strategic partnerships.

Sunil Bhatia, MD & CEO, Blue Star Infotech Ltd. said, “We have been witnessing above industry average growth since the last two years. This has been the outcome of our renewed focus on niche sectors like travel & hospitality and emerging technologies like analytics, mobility and cloud. We are witnessing a increased demand for our solutions in the U.S. which has always been our primary market. In order to leverage this opportunity, we have launched new solutions for existing verticals and are expanding our presence in the developed markets. We are also seeing an uptick in existing new markets and thus have invested in strengthening our sales and solutions in these regions.”

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