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| It has been a stunning comeback by any standards. One year ago Hughes Software Services was down in the dumps. |
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| Its key clients, the global telecom giants, were bleeding and most analysts predicted they would take years to recover. |
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| Under the circumstances, the outlook for Hughes Software, which depended heavily on the telecom industry, looked bleak. |
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| Fast forward to this week. Hughes has turned in a sterling performance for the second quarter running. |
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| In the first quarter ended June 30, 2003 Hughes reported a rise in net profits of 245 per cent. It has followed that this quarter with a net profit rise of 106 per cent. |
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The total income of the company has grown by 61 per cent to Rs 86.7 crore in the second quarter of 2003-04. That
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