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Hyderabad, January 28, 2009 Four Soft (4S) (NSE: "FOURSOFT", BSE: 532521), a global leader offering software solutions for transportation and logistics industry, today announced strong financial results for its quarter ended December 31, 2008. The PAT before exceptional items grew to Rs.107 million for the quarter ended December 31, 2008, as compared to Rs. 36 million in the corresponding quarter last year.
The revenues were Rs. 476 million for the quarter ended as compared to Rs. 401 million in the corresponding quarter last year. The quarter has seen a significant jump in profits due to combination of new sales and increased client mining, improved operational efficiency by increased offshoring to India, favorable currency movements and cost reduction. The company has recorded Rs. 1,510 million in sales and a PBT of Rs. 583 million for the first nine months of the year against Rs. 1,290 million and Rs. 108 million respectively in corresponding period of last year.
The Company has established itself in the domestic market by adding 7 customers in the last one year and also hopes to further strengthen its presence by penetrating deeper into the Indian transportation and logistics industries.
Mr. Biju S Nair, CFO, Four Soft Ltd said, "Four Soft is witnessing a strong growth in profits for last one year. Four Soft has started reaping benefits of acquisition synergies after successful integration. We have consolidated our operations to bring in better operating margins supported by strong financial position.
"Mr. Rajshekhar Roy, CEO added, "Four Soft has been able to enhance delivery capabilities which has resulted in improved customer satisfaction. We have also been able to increase our product sales in the different geographies despite the slowdown witnessed globally. Adoption of Lean Management principles in our operations will help in better profitability from the next quarter." December 31, 2008 | Financials at a glance for the quarter ended | | | | Revenues | | Rs.476 million (19% YoY) | | | | EBIDTA | | Rs.184 million (149% YoY) | | | PBT | | Rs.165 million (259% YoY) | | | PAT | | Rs.107 million (197% YoY) | | | | | | | - 6 new customers signed across geographies
- Strategic wins in this quarter include two large logistics companies in India
- Successful implementation of the flagship products at several prestigious customer locations
- Lean Management being implemented in Four Soft Operations to increase productivity
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About Four Soft Limited Four Soft is an Enterprise Product company providing innovative software solutions and IT consultancy services exclusively for the freight, transportation, logistics and supply-chain management market place. It is the market leader in the transportation and logistics segment with a large international client base including the majority of the top transportation & logistics companies in the world. With regional offices strategically located worldwide, it has its software development centre in the HITEC city of Hyderabad, India. The company has large customers including DHL, Schenker, PWC Logistics, UTI and Geodis-Wilson. Additional information about Four Soft is available at www.four-soft.com.
Four Soft offers a full suite of web-native products across the logistics supply chain. This includes 4S eTrans for freight forwarding and logistics, 4S eLog for warehouse management, 4S ePOMS & 4S VisiLog for track & trace, visibility and supply-chain management, 4S eCustoms for customs brokerage, 4S iShipping for shipping line execution and 4S eConnect for business-to-business connectivity.
For more information please contact Anuradha Vinay Four Soft Limited., Mobile: +91 98498 00656 Email:
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Bhawna Sharma Adfactors PR Pvt Ltd Tel: +91 11 40565100 -Ext: 161 Email:
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