Thinksoft Global Services reports 200% jump in net profits in Q3

CHENNAI: IT service provider Thinksoft Global Services has reported over 200 per cent jump on the net profits at Rs 2.75 crore for the third quarter ending December 31, 2011.

The Chennai-based company reported net profits at Rs 0.79 crore during the same period of previous year, the company said in a statement.

For the nine month period ending December 31, 2011 the net profits soared to Rs 8.55 crore as against Rs 1.61 crore registered during the same period of previous year.

The net sales of the company for the third quarter ending December 31, 2011 stood at Rs 29.63 Crore as against Rs 20.49 Crore registered during the same period of previous year.

For the nine month period ending December 31, 2011 the net sales of the company grew to Rs 87.76 crore as against Rs 61.61 Crore registered during the same period of previous year, it added.