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Glodyne Technoserve reports 64% rise in Q1 net profit

05 Aug 2011 Evaluate

Glodyne Technoserve has reported unaudited results for the first quarter ended June 30, 2011.

The company’s net profit for the quarter ended June 30, 2011 surged by 64.00% to Rs 56.04 crore as compared to Rs 34.17 crore for the corresponding quarter last year. Its income from operation has grown by 200.34% to Rs 503.07 crore for the quarter under review from Rs 167.50 crore for the same quarter last year.

Glodyne Technoserve is a leading IT services company, headquartered in Mumbai, India with presence across India and US. Glodyne offers technology led business solutions across two SBUs i.e. Technology Infrastructure Management Services (Technology IMS) and Application Software Services.

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