Allsec bets on domestic business to push growth

CHENNAI: BPO firm Allsec Technologies has reported a net profit of Rs 1.50 crore for the quarter ended 31 December 2008, compared to Rs 6.76 crore that it clocked a year back, as it copes with lower business from the US, where the company has maximum exposure.

Allsec CEO and co-founder Jagadish Ramamoorthi said the firm's numbers would improve steadliy as it has started focusssing more on the domestic market in the past year.

"A year back, we did not have any business coming from the domestic market, but today it accounts for more than 30% of our revenues. Its a virgin market with a huge opportunity in sectors such as financial services, telecom and retail."

The company's total income during the quarter was Rs 25.88 crore compared to Rs 23.01 crore a year ago.