Aurionpro Solutions Ltd. announces audited annual results, maintains strong growth momentum

Mumbai June 30, 2009.
Financial Performance

• Consolidated revenues of Rs. 274.40 crores, EBIT of Rs. 49.36 crores and net profit of Rs. 40.31 crores for the year ended 31st March, 2009 against revenue of Rs.
  176.04 crores, EBIT of Rs. 39.93 crores and net profit of Rs. 31.10 crores for the previous year ended 31st March, 2008 representing a growth in revenue of 55.87 %, growth of 23.62 % in EBIT and growth in net profit of 29.61%.
• As a result, the EPS (Diluted) for the year is Rs. 28.15 compared to Rs.24.85 (Diluted) for the year ended 31st March, 2008 representing a growth of 13.28%.

Consolidated performance include numbers standalone and of all the subsidiaries of the company for the year including Aurionpro Solutions Inc, USA; Aurionpro Solutions Pte. Ltd, Singapore; Aurionpro Solutions SPC, Bahrain; SPS Corporation, USA; Coban Corporation, USA; Auroscient Outsourcing Pvt. Ltd.; E2E Infotech Limited, U.K; E2E Infotech (India) Private Limited ; Aurionpro Solutions (HK) Limited, Hongkong; Integro Technologies Pte. Limited, Singapore; Integro Technologies SDN. BHD; Aurofidel Outsourcing Limited, India; SENA Systems INC, USA; SENA Systems Pvt Ltd, India; on the year ended 31st March, 2009.

Acquisition of SENA Systems Inc, USA:
During the year, Aurionpro acquired and integrated SENA Systems Inc, USA having its headquarters in New Jersey, USA and with offshore delivery centre in Pune. SENA is focused on an Identity and Access Management (I&AM) space catering mainly to securities needs of BFSI sector. Thus it expanded our customer base significantly and strengthen our support capability in the North American market and expand our customer offerings significantly in Asia.

Joint Venture with IP Commerce:
The Company entered into a joint venture with IP Commerce to build payment-enabled applications tailored to the needs of small and medium businesses in the U.S.

Under the terms of the venture, the two companies will jointly identify market opportunities to address a rapidly growing need in the small and medium sized business market for new electronic commerce transaction solutions. Additionally, the companies will provide product management and support services over the next two years.

Achievements and Recognitions:
Aurionpro bagged 6th ranking in the Technology Fast 50 India 2008 awards among the top-50 India-based Fast 50 winners and bagged 74th ranking in Fast 500 Pacific Asia Region by Deloitte Touche Tohmatsu.

Review of Operations:
The Company’s operations got significantly impacted in January and February 2009 due to delays in budgeting exercises by our customers. However, since March, the company is seeing revival and firming up of technology spent and it augurs well for us in the current year. Commenting on this, Mr. Sheth said that “We see global revival in the financial services sector soon and the company is ideally poised to capitalize on the opportunities.”

On further growth and expansion, Mr. Sheth said that “Aurionpro has strongly established itself in the South East Asia and Middle East. It is now in the process of establishing its base in the UK and Africa. It is strengthening its hold in African markets as that region has more than 1500 banks.”

About Aurionpro
Aurionpro Solutions Ltd. (NSE: AURIONPRO, BSE: 532668) an ISO 9001:2000 certified company, is headquartered in Mumbai and delivers sophisticated solutions that help companies accelerate and automate their operations. Since 1997, the company has created and delivered comprehensive solutions to streamline corporate banking, treasury, risk management, governance and compliance, and more. For additional information, visit www.aurionpro.com.

For further information and queries please contact on;
Tel.: +91 22 6770 7700
Email: info@aurionpro.com
For Aurionpro Solutions Limited
Amit Sheth, Managing Director

---