Geometric announces quarterly financial results

Announcing its financial results for the third fiscal quarter of 2010–2011, Geometric has announced a rise in the company’s consolidated operating revenues to INR1,632m (£22m), a growth of 7.4 per cent from the previous quarter revenues of INR1,519m and of 28.6 per cent from revenues of INR1,268m recorded in the same quarter last year.

The company declared a profit after tax of INR152m, showing an increase on the previous quarter’s profit of INR138m and also on the profit of INR162m recorded in the third quarter of last year.

The third quarter saw a considerable shift in the company’s go-to-market approach, as it began offering its customers verticalised solutions leveraging capabilities across engineering services, software services and its own intellectual property.

At the end of the quarter, the company had an employee base of 3,659.