With positive demand for its automotive e-retailing solutions in the US, software product company Logix Microsystems has recorded a 27 per cent increase in its net profit at Rs 4.8 crore in the quarter ended 30 June, 2008, when compared with the corresponding quarter the previous fiscal.
The revenue of the company in the quarter at Rs 16.94 crore grew by 68 per cent over the same quarter in the fiscal 2007-08. In sequential term, the net profit and revenue in the quarter grew by 20 and 28 per cent respectively. The company added 61 clients in the quarter including PSA Peugeot Citroen (France), Sudbay Family auto Group, Mclarty auto Group and Hampton roads Honda Dealers Association. The company’s current order book stands at $4.1 million which will be executed over the next 60 days.
