Tuesday, April 21, 2009

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Polaris net profit up 79%

Chennai-based Polaris Software said its net profit was up 79 per cent at Rs 130.71 crore for 2008-09, compared to Rs 73.22 crore earned the previous year.

The company's revenues grew 25 per cent to stand at Rs 1,377.95 crore from Rs 1,099.3 logged the fiscal before, it said in a regulatory statement. Subsequently, its earnings per share are set to increase from Rs 13.25 now to about Rs 15 by end of 2009-10, the statement added.


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