| eonour announces 1st quarter results: posts 28% increase in sales |
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eonour technologies limited, an ISO 9001:2000 certified IT solutions has announced its first quarter results for 2003-2004. It has recorded a sales increase of 28% for the quarter ending June 03. This year's sales for the quarter were Rs 2707.83 Lacs as compared to last year sales of Rs 2118.42 Lacs. The net profit recording is Rs 601 Lacs as compared to Rs 505.60 Lacs last year, signifying an increase of 19%. Eonour is a Chennai based total solutions provider with focus on Supply Chain Management (SCM) and Enterprise Application Integration (EAI) arena. With core expertise in Supply Chain Management, eonour's suite of products addresses each aspect in the chain: the supplier, logistics, manufacturer, distributor and customer. Eonour sees this year as exciting, with the market bouncing back with bigger and better opportunities. With outsourcing being the main theme abroad, India's IT market is buoying up. Along with STADS, Eonour's consolidated results for quarter one were Rs 5644.99 lacs; the net profit recorded was Rs 1001.05 lacs.STADS as a stand alone has made a sales of Rs2937 lacs and a Net Profit of Rs 400.05 Lacs. In the last year, eonour had also takenover 4 firms with the idea of expanding its operations and spreading deep into the market. These 4 subsidiaries were then merged into one entity: STADS Limited whose thrust is as a networking solutions provider; the idea was to grow inorganically and to reposition itself as an end to end solutions provider in order to address the system integration market. Eonour's list of prestigious clients include: United Parcel Service Singapore,
Hyundai Motors, L&T (LTM Business Unit) Hero Honda Motors Limited; Kinetic
Engineering Limited; Amara Raja Johnson Controls. |