Zylog Systems Q1 net up 27.5 pc at Rs 45 cr

CHENNAI: IT services provider Zylog Systems today said that it has reported a 27.5 per cent growth in its net profits for the first quarter ending June 30, at Rs 44.97 crore.

The city-headquartered company had reported a net profit of Rs 35.27 crore during the same period last year, a company release here said.

For the year ended March 31, 2011, the net profits of the company stood at Rs 145.14 crore.

The gross revenue of the company for the first quarter ending June 30, 2011 went up by 10.8 per cent to Rs 513.59 crore from Rs 463.38 crore registered during the same period a year ago.

For the fiscal ending March 31, 2011 the gross revenue of the company was at Rs 1,915.67 crore, it added.