Blue Star Infotech reports year end revenue

Blue Star Infotech has announced a 44% increase in the consolidated total operating income at Rs.27,101.93 lakh for the year ended March 31, 2014, compared to Rs.18,852.78 lakh for the last year. Profit after tax for the FY 2013-14 is Rs.1,487.17 lakh as against Rs.498.85 lakhs last year, nearly multiplying three times.

The company registered a 53% increase in the consolidated total operating income at Rs.7,880.43 lakh for the quarter ended March 31, 2014, compared to Rs.5,136.35 lakh for the same quarter last year. The profit after tax for the quarter grew to Rs.421.91 lakh compared to Rs.61 lakh for the same period last year, registering nearly a  seven times jump.

Sunil Bhatia, MD & CEO, Blue Star Infotech Ltd, said, “We are glad to announce the highest-ever revenue achieved by the company for the financial year 2013-14. With the US IT market stabilizing, we have a stronger pipeline for FY 2014-15. We continue to be optimistic about growth opportunities present in emerging technologies like SMAC. Blue Star Infotech will continue to strengthen our footprint in our focus sectors like travel and hospitality by enhancing and monetizing our existing IPs and creating new IP-based solutions. One of the key drivers of our growth has been streamlining our customer engagement processes and we plan to further deepen our relationship with customers this year. We have been growing above the industry average and foresee the trend continuing in FY 2014-15 as well.”