Polaris Software Lab on Tuesday nearly doubled its net profit in October-December quarter despite forex-related losses, boosting itsstock prices by almost 30 %.Net profit surged 94% to Rs 37.17 crore over last year, with income from software and services going up by 32% to Rs 372.6 crore in the quarter. Sales were helped by core banking deals in Asian countries such as Vietnam and consumer finance projects in countries such as Egypt.
Friday, January 23, 2009
Polaris net surges 94%
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