Blue Star Infotech reports 44% revenue growth in Q3-FY13

Blue Star Infotech has announced a 44% increase in consolidated total operating income at Rs.6,833 lakh for the quarter ended December 31, 2013, compared to Rs.4,736 lakh for the same quarter last year.

The profit after tax for the quarter grew to Rs.352 lakh compared to Rs.214 lakh for the same period last year, a growth of 65%. YTD profit after tax is Rs.1,065 lakh as against Rs.438 lakh last year, marking a growth of 143%. The revenue for the first nine months at Rs.19,141 lakh has surpassed the entire twelve month revenue of last year Rs.18,711 lakh.

Sunil Bhatia, MD & CEO, Blue Star Infotech, said, “We have been witnessing above industry average growth for the last two years. This has been the outcome of our renewed focus on niche sectors like travel and hospitality and emerging technologies like analytics, mobility and cloud.”

He added, “We are witnessing an increased demand for our solutions in the U.S. which has always been our primary market. In order to leverage this opportunity, we have launched new solutions for existing verticals and are expanding our presence in the developed markets. We are also seeing an uptick in existing new markets and thus have invested in strengthening our sales and solutions in these regions.”

Amongst the key business highlights, the aggregated revenue of the first three quarters of FY 2013-14 is 42% higher than the aggregated revenue of the same period of FY 2012-13.