3i Infotech Reports First Quarter Results
Summary
Commenting on the results, Mr. V. Srinivasan, Managing Director & Global CEO, 3i Infotech Limited, said, “Though there has been a noticeable increase in IT spending, cost effective and comprehensive solutions are still a priority for the customers.It has been our constant endeavor to customize our services to keep pace with the changing demand patterns and I am confident that our flexibility will be our driver for growth even in the current competitive environment.” Re-constitution of Board Committees The Board Governance Committee has been re-constituted as follows: Mr. Hoshang N. Sinor, Chairman; Mr. Bruce Kogut and Mr. Dileep Choksi as Members The Fund Raising & Acquisitions Committee has been re-constituted as follows: Mr. Hoshang N. Sinor, Chairman; Mr. Ashok Jhunjhunwala Mr. Bruce Kogut and Mr. Samir Mitter as Members About 3i Infotech: 3i Infotech (www.3i-infotech.com) provides software products and IT services for the Manufacturing, Retail & Distribution; Banking, Financial Services & Insurance (BFSI); and Government verticals.62.06 crores (USD 13.57 Mn), representing a net margin of 9.6%.Earnings per share (EPS) for the current quarter is at Rs.The current quarter EPS is on the expanded capital base arising out of the equity issuances.Commenting on the results, Mr. V. Srinivasan, Managing Director & Global CEO, 3i Infotech Limited, said, “Though there has been a noticeable increase in IT spending, cost effective and comprehensive solutions are still a priority for the customers.It has been our constant endeavor to customize our services to keep pace with the changing demand patterns and I am confident that our flexibility will be our driver for growth even in the current competitive environment.”Re-constitution of Board CommitteesThe Board Governance Committee has been re-constituted as follows:Mr. Hoshang N. Sinor, Chairman; Mr. Bruce Kogut and Mr. Dileep Choksi as MembersThe Fund Raising & Acquisitions Committee has been re-constituted as follows:Mr. Hoshang N. Sinor, Chairman; Mr. Ashok Jhunjhunwala Mr. Bruce Kogut and Mr. Samir Mitter as MembersAbout 3i Infotech:3i Infotech (www.3i-infotech.com) provides software products and IT services for the Manufacturing, Retail & Distribution; Banking, Financial Services & Insurance (BFSI); and Government verticals.
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