Four Soft Net Up by 138%
Four Soft® (4S®) (NSE: "FOURSOFT", BSE: 532521), a global leader offering software solutions for the logistics and transportation and supply-chain management (SCM) industry today released its consolidated financial results for the year 2011-12 with positive results driven by strong operational performance and optimal use of its resources.
Hyderabad, India, June 02, 2012 --(PR.com)-- Highlights for FY 11-12 include the following:
EBITDA increased by Rs. 5.53 crores to Rs. 14.41 crore, an increase of 62%
Operating PAT jumps by Rs. 4.26 crores to Rs. 7.36 crore, an increase of 138%
Revenues up by Rs. 6.15 crore to Rs. 128.05 crores, an increase of 5%
Their strong performance indicators for the current financial year:
Consistent performance over last 3 quarters
The company has a “strong order book”
Increased traction in Shipper and Manufacturing domain space
Implemented SaaS model successfully across geography
Palem Srikanth, Chairman & Managing Director, Four Soft Limited said, “Despite challenging environment, we have been successful in achieving good results by offering advanced solutions on licensed as well as SaaS model, improving on time delivery capabilities and enhancing overall customer experience.” They have also been successful in reaching out to global players in the Shipper and Manufacturing vertical. He further added, “The outlook for the current year is very optimistic and we are confident of an exponential increase in profits in 2012-13.”
Biju Nair, CFO & COO, Four Soft Limited said, “Our strong financial performance this year is a result of collective initiatives that were planned at the beginning of the year.” This has resulted in strengthened financial position. He further added, “We could increase our operating margins by way of improving operating efficiency and cost rationalization”.
Goodwill:
The company has recorded a goodwill impairment of Rs. 50 crore towards its acquisition during 2005 mainly for its Netherlands business. PAT for the year as mentioned above is before impairment.
About Four Soft Limited
Four Soft® is a public listed company which provides innovative software solutions, IT consultancy and BPO services exclusively for the 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 majority of the top logistics & transportation companies in the world. With regional offices strategically located worldwide, it supports customers including DHL, CEVA, DB Schenker, Panasonic, Flyjac, 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 extended warehouse management, 4S VisiLog® & 4S VisiLog plus® for track & trace, visibility and supply-chain management, 4S eCustoms® for customs brokerage, 4S iShipping™ for shipping line execution, 4S eConnect™ for business-to-business connectivity and 4S Infotips™ for informed decision making.
For more information please contact:
Narendra Nargundkar
Four Soft Limited
Mobile: +91 9246165754
Tel: +91 40 66875216
Email: narendra.pn@four-soft.com
Vivek Kumar / Astha Jindal
Adfactors PR Pvt Ltd
Mobile: Tel: +91 9999891182 / +91 8826504606
Email: vivek@adfactorspr.com /aastha.jindal@adfactorspr.com
EBITDA increased by Rs. 5.53 crores to Rs. 14.41 crore, an increase of 62%
Operating PAT jumps by Rs. 4.26 crores to Rs. 7.36 crore, an increase of 138%
Revenues up by Rs. 6.15 crore to Rs. 128.05 crores, an increase of 5%
Their strong performance indicators for the current financial year:
Consistent performance over last 3 quarters
The company has a “strong order book”
Increased traction in Shipper and Manufacturing domain space
Implemented SaaS model successfully across geography
Palem Srikanth, Chairman & Managing Director, Four Soft Limited said, “Despite challenging environment, we have been successful in achieving good results by offering advanced solutions on licensed as well as SaaS model, improving on time delivery capabilities and enhancing overall customer experience.” They have also been successful in reaching out to global players in the Shipper and Manufacturing vertical. He further added, “The outlook for the current year is very optimistic and we are confident of an exponential increase in profits in 2012-13.”
Biju Nair, CFO & COO, Four Soft Limited said, “Our strong financial performance this year is a result of collective initiatives that were planned at the beginning of the year.” This has resulted in strengthened financial position. He further added, “We could increase our operating margins by way of improving operating efficiency and cost rationalization”.
Goodwill:
The company has recorded a goodwill impairment of Rs. 50 crore towards its acquisition during 2005 mainly for its Netherlands business. PAT for the year as mentioned above is before impairment.
About Four Soft Limited
Four Soft® is a public listed company which provides innovative software solutions, IT consultancy and BPO services exclusively for the 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 majority of the top logistics & transportation companies in the world. With regional offices strategically located worldwide, it supports customers including DHL, CEVA, DB Schenker, Panasonic, Flyjac, 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 extended warehouse management, 4S VisiLog® & 4S VisiLog plus® for track & trace, visibility and supply-chain management, 4S eCustoms® for customs brokerage, 4S iShipping™ for shipping line execution, 4S eConnect™ for business-to-business connectivity and 4S Infotips™ for informed decision making.
For more information please contact:
Narendra Nargundkar
Four Soft Limited
Mobile: +91 9246165754
Tel: +91 40 66875216
Email: narendra.pn@four-soft.com
Vivek Kumar / Astha Jindal
Adfactors PR Pvt Ltd
Mobile: Tel: +91 9999891182 / +91 8826504606
Email: vivek@adfactorspr.com /aastha.jindal@adfactorspr.com
Contact
Four Soft Limited
Narendra Nargundkar
919246165754
www.four-soft.com
Narendra Nargundkar
919246165754
www.four-soft.com
Contact
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