Sasken posts net up 29%

Sasken Communication Technologies, a provider of telecom software solutions has posted a consolidated net profit of Rs 9.07 crore in the quarter ended 31 March 2014, an increase of 29% over the corresponding quarter last year. The revenues at Rs 116.32 crore, went up 2.6% on-year.For the full year (FY14), the Bangalore-based company reported a consolidated net profit of Rs 51.47 crore, an increase of 61% year-on-year on year, while revenues for the year declined by 3.5% to Rs 458.03 crore.

"We are in the middle of a transformation and are adding new services and addressing new segments," said Sasken CEO Anjan Lahiri. "The results of these changes will take time to show. The new team is in place and we are on our way to remaking of our business model based on the tremendous strengths of the past 25 years of great customer delivery."

With a view to better align with the market, the company has reorganised its business unit structure. It now focuses on two key business segments--communication & devices, and IT services. The company has four business practices--engineering research & development, testing, applications and data services, and infrastructure.