Datamatics Technologies Limited (BSE: 532528, NSE: “DATATECH”) announced the results for the Q2FY09 ended 30 September 2008. Consolidated net profit for the period has gone up to Rs 57.50 million, up 528% from Rs 9.16 million reported in Q2FY08.

The company earned a consolidated income of Rs 401.14 million in the quarter, up from Rs 312.62 million earned in the same quarter in 2007-08, up 28.32% y-o-y.

“The growth was spurred by several projects from customers in varied sectors like humanitarian organizations, financial services, healthcare, online retail and market research. Many of these customers are well-established organizations who have selected us seeing the proven business value and technological advantages that we deliver.

Operational efficiencies due to the increased capacity at our Nashik Delivery Centre of Excellence, higher employee productivity, the Six Sigma initiative and our ability to deliver higher technology projects that earn us a premium have contributed to our improved performance in this quarter.

Our Research & Development efforts have led to the development of several platform-based solutions. In a historic first, Datamatics has copyrighted five technology products supporting these platform-based solutions last quarter. Datamatics owns the IP Rights to these platforms. It provides Datamatics a unique competitive advantage, and helps our Company carve out a niche for itself. This marks the entry of Datamatics into a superior league of companies in the industry.

About Datamatics Global Services Limited:

Datamatics Global Services Limited is one of India's leading IT Software Development & Consulting and Business Process Outsourcing Organizations. Datamatics' 3,800-strong team has executed over 2,100 projects across industry verticals and technologically-aligned competencies in over 60 countries. The company’s international clients include top 25 Fortune 500 companies. Datamatics is certified for ISO 9001-2000, ISO 27001 and SAS 70, and has been assessed at SEI CMMi – Level 5 (QAI), P-CMM – Level 5 (QAI). Datamatics is the First & Only Indian Services Company to win the International Asia Pacific Quality Award.