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Financial Technologies reports 13% fall in Q1 net profit

11 Aug 2011 Evaluate

Financial Technologies (India) has reported unaudited results for the first quarter ended June 30, 2011.

The company’s net profit for the quarter ended June 30, 2011 fell by 13.16% at Rs 39.21 crore as compared to Rs 45.15 crore for the corresponding quarter last year. Its total income decreased 7.38% at Rs 87.22 crore for the quarter under review from Rs 94.17 crore for the same quarter last year.

Financial Technologies (India) (FTIL) is a flagship company of the Financial Technologies Group. It provides technology solutions and domain expertise for digital transactions and financial markets across all asset class including equity, commodities, currency and debt.

Peers
Company Name CMP
TCS 2130.10
Infosys 1040.00
HCL Technologies 1280.30
Wipro 164.95
Tech Mahindra 1558.00
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