RS Software Q2 net up 73%

Mumbai, November 3 , 2006 "� RS Software (BSE: "RS Software", BSE: (517447), RS Software (India) Ltd a leading software solutions provider in the Payment Systems domain , has reported PAT of Rs. 23.2 million for the quarter ended September 30, 2006 as compared to Rs. 13.4 million in the corresponding quarter last year. The revenues touched a new high of Rs.280.9 million for the quarter ended September 30, 2006 as compared to Rs.242.3 million in the corresponding quarter last year.

Income was Rs. 246.9 million and Net profit was Rs.21 million in the previous quarter ended June 30, 2006.

RS Software (India) Ltd with its focus on electronic payments domain and cutting edge technology continues to attract the best talent in the industry.

Mr. Raj Jain, Vice-Chairman and Managing Director, RS Software (India) Ltd. said, "Our strategy of focusing on both global & domestic players and their business demands in the e-payments space is evident from the quantum growth that we have been witnessing quarter on quarter."

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