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Nexxoft Infotel swings to loss in Q2

21 Nov 2011 Evaluate

Nexxoft Infotel reported result for the second quarter ended September 30, 2011.

The company has reported a net loss of Rs 11.64 crore for the quarter under review as compared to a net profit of Rs 4.34 crore for the corresponding quarter previous year. Total income has decreased by 80.21% to Rs 5.13 crore as compared to Rs 25.92 crore same quarter last year.

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 2480.50
Infosys 1143.45
HCL Technologies 1411.50
Wipro 190.05
Tech Mahindra 1770.50
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