Chennai

Eonour Technologies Limited, a Chennai based ISO 9001: 2000 certified IT Solutions provider had an impressive performance during the third quarter ended for the financial year 2002-2003. Subsequent to the acquisition of four technology based companies, the Consolidated Total Turnover recorded by Eonour for the Third quarter was Rs.5116 Lakhs.

Eonour, on its own, has achieved sales of Rs.2542 lakhs for the quarter ended 31/12/2002 as compared to Rs.1693.30 lacs for the same quarter in the last year recording a growth of 50.10%. Compared to the previous quarter figure of Rs.443.23 Lacs, Eonour could maintain the Profit After Tax at Rs.540.07 Lacs during the current quarter, recording a growth of 21.80%.

The over all performance in addition to the Stand-alone performance of Eonour has led to the inorganic growth of the company as a whole, through the synergic acquisition of the four technology companies.

The strategic alliances made by Eonour through such acquisition has contributed Rs.2574 lakhs to the top line and Rs.412.07 Lakhs as the bottomline.

Eonour is a Chennai based total solutions provider with focus on 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's list of prestigious clients include: Hyundai Motors L&T (LTM Business Unit) Hero Honda Motors, Kinetic Engineering, Amara Raja Johnson Controls, Hero Motors, PentaDaewha Auto Parts, Best Group International Hong Kong, Legend Electronics Hong Kong.

Eonour's Clients such as such as Hyundai, UPS Singapore, Hero Honda are repeat clients who have stayed with Eonour due to the quality deliveries.

The company's strategy for growth, other than widening its technology and market base, includes inorganic growth through acquisitions in domestic market. With this in mind, the company acquired four companies in the domestic sector in the 2nd quarter of 2002-2003, which will enhance its presence in the existing line of business.

Eonour is planning to go for GDR issue size of US$ 27 Million and is also introducing Employee Stock Option Scheme to benefit the employees.

The goal for Eonour is to become a complete end-to-end solution provider by gaining strengths in system integration. These acquisitions also allow access to a variety of blue-chip clientele of the acquired companies across industry segments, ranging from financial institutions, shipping companies, other major corporates.

Eonour envisages a broader business scope and better market penetration with mergers and acquisitions in the future.


For further details please contact:info@eonour.com