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Tanla Solutions posts 263% growth in consolidated total income and profit grows by 207%
Posted On : 2007-04-23 10:04:31( TIMEZONE : IST )
"Tanla Solutions Ltd announced year end results for 2007 with consolidated total income of Rs. 229 crore (up from Rs. 63 crore in FY 2006) and net profit of Rs. 93 crore (up from Rs.30 crore for FY 2006)"
Hyderabad, 19th April 2007, Tanla Solutions Limited, a leading telecommunications software products and services provider with operations in India, Ireland and the UK ,today announced excellent results for the year ending 31st March 2007.
There has been exponential growth in revenues and profitability with consolidated total income of Rs. 229 crore (up from Rs. 63.12 crore in FY 2006) and net profit of Rs. 92.79 crore (up from Rs. 30.25 crore in FY 2006). Tanla Solutions has already paid an interim dividend of 100% in March 2007 compared to last year’s dividend of 25%.
Tanla Solutions specialises in providing telecommunications infrastructure and software including Short Message Centres (SMSC’s), Voice Mail Servers, SS7 based solutions and Interactive Platforms to global mobile operators.
Uday Reddy, Chairman & MD, Tanla Solutions explained "Tanla is set on a path of global growth including geographical, product and vertical sectors based expansion providing cutting edge solutions to the telecommunication sectors. We are delighted with our financial results delivering exponential growth in revenues and value to our share holders."
Tanla Mobile is a wholly owned subsidiary of Tanla Solutions which contributed to the global growth and is currently operating wireless messaging and mobile payment services in partnership with all UK and Ireland mobile operators including 3 (Hutchison), Meteor, O2, Orange, T-Mobile, Vodafone and Virgin Mobile.
Gautam Sabharwal, Director, Tanla Mobile said "Tanla Mobile is spearheading market expansion by delivering interactive mobile applications and platforms to the global digital media and converged telecommunications sectors winning recent contracts with Breathe and 4D Telecom in the UK & Ireland."
