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Nexxoft Infotel reports net loss of Rs 1.47 crore in Q3

28 Feb 2012 Evaluate

Nexxoft Infotel has reported results for third quarter ended December 31, 2011.

Nexxoft Infotel has reported a net loss of Rs 1.47 crore for the quarter ended December 31, 2011, against net profit of Rs 2.77 crore for the corresponding period last fiscal.  Total income decreased by 80.57% at Rs 5.27 crore during the quarter under review from Rs 27.12 crore in the same quarter of 2010.

Nexxoft Infotel is a software development company with focus on supply chain, SYSPRO ERP channel partners and custom made distribution software product across industry verticals. Elsoft Technologies is in the business of 3D object design field.

Peers
Company Name CMP
TCS 2394.85
Infosys 1179.20
HCL Tech. 1198.60
Wipro 197.95
Tech Mahindra 1463.05
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