Allied Digital Q2 PAT Up 136%

Allied Digital Q2 PAT Up 136%Allied Digital Services Limited, systems integrator and an IT Infrastructure Management Services Provider company, has declared their consolidated unaudited quarter results with total revenue of Rs. 148.88 crores for the three month period ended September 30th, 2008, an increase of 110% as compared to total income of Rs 70.81 crores for the quarter ended September 07.

The Profit after Tax (PAT) for the period under review stood at was Rs. 24.05 crores as against a PAT of Rs. 10.18 Crores for the quarter ended September 2007, an increase of 136%

While commenting on the results, Chairman  & Managing Director of Allied Digital, Mr. Nitin Shah, stated, “The focus this year had been earmarked for inorganic growth and we have been successful with our two acquisitions so far.  The association with EnPointe has shown tremendous potential. Going ahead the next quarter, we will continue to extend the early mover advantage that we enjoy in our remote management services. Organically, the business has been growing incredibly well, with the company winning contracts of esteemed companies. We are confident and very optimistic of the company’s growth in the coming quarters.”

“With the increasing cost pressures on most organizations will lead to a larger potential for outsourced Remote Management Services. With the current economic crisis, we see an emerging market for regulatory compliances and an increasing demand for our SOC services,” Mr. Shah added.

Such has been the meteoric rise of this company that amidst many awards and recognitions, Allied Digital was recently acknowledged by Forbes Magazine Asia as one of Best Under A Billion companies.

General: