Thursday, July 21, 2005

KPIT Cummins posts profit for q1

Pune-based Information Technology consulting brand KPIT Cummins has posted a 4.07 per cent rise in consolidated net profit at Rs 6.39 crore for the first quarter ended June 30, 2005 against Rs 6.14 crore in the same quarter of previous fiscal. Total income from operations grew to Rs 69.96 crore in the reporting quarter against Rs 60.86 crore in the corresponding period of last fiscal. The Indian Information Technology market flodded with big brands is growing everyday. Almost all brands reported profit in the q1 results with Tata Consultancy Services at the top.