Mumbai October 30, 2009.
Financial Performance
The company reported consolidated revenue of Rs. 78.71 crores and net profit of Rs.
10.22 crores for the quarter against revenue of Rs. 69.35 crores and net profit of Rs.
6.21 crors for the quarter ending June 30th, 2009 representing a sequential QOQ growth
in revenue of 13.50% and growth in net profit of 64.50%.
Consolidated performance include numbers standalone and of all the subsidiaries of the
company for the quarter including Aurionpro Solutions Inc, USA; Aurionpro Solutions Pte.
Ltd, Singapore; Aurionpro Solutions SPC, Bahrain; Auroscient Outsourcing Pvt. Ltd.; E2E
Infotech Limited, U.K; E2E Infotech (India) Private Limited ; Aurionpro Solutions (HK)
Limited, Hongkong; Integro Technologies Pte. Limited, Singapore; Aurofidel Outsourcing
Limited, India; SENA Systems INC, USA in the quarter ended 30th September, 2009.
New Development:
aurionPro’s flagship product - iCash Pro- Cash Management System has been chosen by
one of the leading bank in East Africa for their Kenya, Tanzania and Uganda operations.
On this occasion, Mr. Amit Sheth, Managing Director said, “Choosing a next-generation
solution such as iCashPro will give African Banks the technological edge in offering
world-class products and services to their customers. iCashPro- Cash Management has
always led the way in adapting to emerging business models in banking and Bank's
choice of iCashPro demonstrates this.” He further added that “Africa is an important
strategic focus area for our banking solutions and we are offering world class solutions to
banking and finance industry in this region. As a market leader we are committed to
continual improvement in all aspects of our business and to be able to further reinforce
product offer, service and delivery to our customers. Our sustained focus on providing
excellent services to our clients and innovation in product development has got us this
far and we are looking towards a bright future.
Review of Operations:
One of the leading public sector Bank in India has chosen Aurionpro’s Financial Supply
Chain Management system. (fscmPro). This shall integrate the bank’s customers (i. e.
corporates, suppliers & buyers) to share and exchange information seamlessly across the
supply chain for an efficient Supply Chain Management System with transparent
workflow and enhanced Working Capital. It will not only fortify the business performance
but also enrich the cash resources for rapid growth and innovation.
Mr. Amit Sheth Managing Director, said, “We are proud to see our Financial Supply
Chain Management Solution getting foothold in the Indian Market. Our fscmPro offering
will act as a powerhouse for Indian Banks to provide operational excellence. India is an
important focus area for aurionPro Solutions as we want to equip banks and financial
institutions in the region with the best technologies to enhance their competitive edge
and customer focus. We look forward to closely work with all other Indian Banks to
harness the full potential of the fscmPro.”
Achievements and Recognitions:
The Company was selected by Forbes magazine to the “200 Best Under a Billion”
rankings of Asian small- to medium-sized companies throughout Asia-Pacific.
AurionPro was one of only 20 India-based companies to make the 2009 list. Its selection
came during a year of what the business magazine called “unprecedented dislocations in
the global economy.” Only 600 companies, down from 1,000 a year ago, passed Forbes’
criteria for consideration in the Best Under a Billion list: “profitability, growth, modest
indebtedness and future prospects this year.”
“We’re honored to be named to the Forbes Top 200 list by Forbes,” said AurionPro
Managing Director Amit Sheth. “This is a prestigious milestone for AurionPro and a
testament to the commitment and perseverance of our team during trying economic
circumstances.”
Aurionpro has been ranked in the FinTech 100 by American Banker, Bank Technology
News and IDC Financial Insights. In its first year in the rankings, AurionPro was 94th on
the annual international list, which honors the top vertical technology vendors that
derive more than one third of their revenue from this industry.
“Despite the economic meltdown of the past year, our products have weathered the
crisis and demonstrated steady growth and consistency. This award recognizes our
success in delivering innovative, industry leading solutions to the global banking
market,” said AurionPro Managing Director, Mr. Amit Sheth.
Also, one of our subsidiaries viz, SENA Systems, USA has won the prestigious Oracle
2009 North American Titan Award for Excellence in Security and Identity Management
(IDM).
The Titan Award is awarded annually to selected companies within the Oracle Partner
community that excel in customer service, innovation and delivering with quality to their
customers. Only one partner per category is recognized with a Titan Award each year. In
2008 SENA Systems achieved an honorable mention in the same category.
"We're honored by Oracle's acknowledgement of SENA's role as the top implementer of
Oracle Identity Management solutions," said SENA President and CEO Robert Levine.
"We look forward to continuing to provide high-value solutions and successful project
implementations within our respective growing customer base. IDM infrastructures are
critical components within our clients' control environment. Each year we continue to
draw on and expand on our 10-year experience base and domain knowledge to deliver
successful solutions to our clients."
About Aurionpro
Aurionpro Solutions Ltd. (NSE: AURIONPRO, BSE: 532668) 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. In the U.S., the company provides offshore product development
and outsourcing services, backed by a global workforce steeped in experience in the
banking, payments and financial services markets. 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