Prism Informatics Limited - Half year results 2011; Strong growth in Prism’s H1 2011-12 revenues and net profit
The Board of Directors of Prism Informatics Limited is pleased to announce the unaudited financial results for the half year ended September 30, 2011.
Prism Informatics posted consolidated revenue of Rs. 3,506.33 lakhs for the first half of 2011-12, an increase of 45% compared to Rs. 2417.22 Lakhs for the first half of 2010-11. The Company registered an operating profit of Rs. 203.97 lakhs on consolidated basis in H1 2011-12, an increase of 88% compared to H1 2010-11. Consolidated Net profit has increased from Rs 77.72 lakhs in H1 2010-11 to Rs 141.92 lakhs in H1 2011-12, an increase of 83%.
Undoubtedly, 2011 has been characterized by disorder in the global markets, economic uncertainty across the world and extensive concern about the financial outlook for companies and countries, but thanks to the solid outcome of organic growth pooled with a specifically targeted acquisition strategy, Prism has maintained the growth momentum and further strengthened its balance-sheet.
FINANCIALS AT A GLANCE (Consolidated)
| Particulars | 2011 | 2010 | %Increase |
| Net Sales | 3,506.33 | 2,417.22 | 45% |
| Operating Profit | 203.97 | 108.18 | 88% |
| Net Profit | 141.92 | 77.72 | 83% |
QUARTER AT A GLANCE
Prism Informatics continues to set its footprints across the globe. In September 2011, Prism Informatics announced its intention to acquire a majority stake in Idhasoft Ltd, an unlisted public limited company with a strong presence in the US and India. The acquisition will allow Prism Informatics to strengthen its position in highly dynamic Western market.
Meanwhile, Prism Informatics also achieved Gold Partner status in the SAP PartnerEdge Program. It is a matter of great pride to reach the highest level of partnership with SAP as this displays Prism's strong commitment to SAP and their channel program.