Saksoft Declares 25% Dividend for FY 2014; Operating Revenues up by 41%

CHENNAI, May 27, 2014 /PRNewswire/ --

Saksoft Limited (BSE: 590051) (NSE: SAKSOFT), an Information Management Specialist company, announced its fourth quarter results ended on 31st March 2014 at its board meeting held yesterday. The results are available on the company's website www.saksoft.com.

Review of financial performance for the fourth quarter ended 31st March, 2014:

Consolidated FY 2014 Review
• Operating revenue was Rs. 224.37 crore during the year under review as compared to Rs. 158.97 crore during the previous year, witnessing an increase of 41%.
• EBITDA was at Rs. 24.55 crore for the year as compared to Rs. 18.03 crore in the preceding year up by 36%.
• Net profit before taxes was Rs. 19.28 crore in the current year as against Rs. 12.38 crore previous year, experiencing a growth of 56%.
• Basic EPS for the year stood at Rs. 15.73 as compared to previous year which stood at Rs.11.35 up by 39%.

Consolidated Quarter Review (Y-o-Y) (Q4 2013-14 vs. Q4 2012-13)

• Operating revenue was Rs. 53.81 crore during the quarter under review as compared to Rs. 50.02 crore during the same period in the previous year; an increase of 8%.
• EBITDA stood at Rs. 6.04 crore for the quarter under review as compared to Rs. 4.99 crore up by 21%.
• Net profit before taxes was Rs. 4.74 crore as against Rs. 3.63 crore in corresponding period in previous year; up by 31%.
• Basic EPS was Rs. 3.90 during the period as against Rs. 3.44 in Q4 FY2012-13.

Commenting on the results, Mr. Aditya Krishna, Managing Director, Saksoft Limited, said, "The team at Saksoft exceeded all our expectations. Focus on clients, commitment to deliver and ability to innovate in the last mile have resulted in one of our best performances to date. We will use this performance as a springboard to achieve our long term revenue and profitability goals. We continue to focus on our key markets of Europe and United States and have invested in making sure that we have the right reach and offerings for these regions. Our positioning as Information Management Specialist and our technology partnerships would provide us the momentum to sustain this growth."

About Saksoft Limited: 

Saksoft is a leading provider of Information Management Solutions to successful companies around the world. We deliver success to the enterprise by helping consolidate, organize and manage large volumes of data collected by businesses. Working with data sources that are often disparate and complex, we make accurate, high quality, relevant information readily available to the people who need it. By being better informed, these companies are empowered to make key decisions and implement strategies for making their enterprises successful. Visit www.saksoft.com.

Media Contact: Sampath Rengachari, [email protected], 91-8754416789, Chief Marketing Officer, Saksoft Limited