i-flex Solutions today reported a 4% decline in its net income which stood at Rs 106.70 crore for the quarter ended December 31, 2007 as compared to Rs 111.20 crore for the quarter ended December 31, 2006.Total revenues of the company witnessed an increase of 11% from Rs 557.40 crore for the quarter ended December 31, 2006 as against Rs 619.60 crore for the quarter ended December 31, 2007.On a sequential basis, the company reported a 22% increase in net income this quarter as compared to Rs 87.40 crore reported for the quarter ending 30 September, 2007.Meanwhile for the same time period the company reported an 8% rise in revenues as compared to Rs 575.80 crore reported in the previous quarter.
