Mumbai, India – February 14, 2012: aurionPro Solutions Ltd (NSE: AURIONPRO, BSE: 532668) today announced financial results for the quarter ended December 31, 2011.
Financial Highlights:
Consolidated performance includes numbers standalone and for all subsidiaries of the Company for the quarter, including aurionPro Solutions Pte. Ltd., Singapore, Integro Technologies Pte. Ltd, Singapore, Integro Technologies SDN. BHD, aurionPro Solutions INC, USA, aurionPro Solutions SPC, Bahrain, E2E Infotech Limited, UK, aurionPro Solutions (Hong Kong) Limited, Auroscient Outsourcing Limited, India, Aurofidel Outsourcing Limited, India, SENA Systems Pvt Ltd, India, aurionPro Solutions PTY Ltd, Australia, aurionPro SCM Pte Ltd, Singapore, PT Aurionpro Solutions in the quarter ended 31st December, 2011.
Business & Operations Highlights:
Despite the continued strained global economy, the third quarter included a number of significant milestones that are quite reflective of aurionPro’s continued focus on leading edge software solutions and the highest level of customer service. Third quarter revenue growth of just over 6% compared to the previous quarter is a positive indication of aurionPro’s ability to sustain business momentum through prolonged challenges posed by poor economic conditions across geographies and industries. Although the expansion was not as aggressive as hoped, the strategic restructuring that began in the previous quarter is starting to take the positive effect it was intended to have.
aurionPro won several significant industry and partner-based awards during the previous quarter. First and foremost, aurionPro was recognized by top industry analysts in the annual FinTech 100 rankings as one of the top one hundred financial technology providers.
aurionPro was listed as the 88th largest company during calendar year 2011, compared to the 94th position in 2009, the previous time aurionPro was included in this ranking. Just as important, Oracle bestowed their top Partner award, the Oracle Titan Award, to aurionPro’s SENA division, for their excellence in Security and Identity Management consulting. This is the second time in three years that aurionPro has won this prestigious award. Similarly, aurionPro was recognized by Microsoft for outstanding commitment and contribution as one of their Enterprise and Partner Group’s (EPG) Partners of the Year.
All aurionPro business units continue their focus on developing their respective partner networks. One milestone to highlight is the development of a new strategic partnership with Vordel, another premier-level Oracle partner that delivers fast and safe connectivity for services oriented architectures (SOA) and cloud services. The partnership brings together the globally recognized Identity Management expertise of aurionPro with Vordel, the leader in gateways for SOA and Cloud Computing. Leveraging the Vordel Application Gateway platform, the alliance will enable end user organizations to extend the reach of their on premise Identity Management infrastructure to provide secure access to applications hosted in the Cloud.
Commenting on the progress during the previous quarter, Banesh Prabhu, CEO and Chairman of the Board of aurionPro, said, “Although global economic conditions are expected to continue to be a challenge in the near future, it is an honor to have been recognized by some of the most prestigious awards across the industry. We will certainly continue our focus on delivering the innovative software solutions and superior levels of service to our customers with the passion and determination that has led to the recent recognition. We have also made some strategic operational adjustments recently, resulting in improved financial performance which we are expecting to build upon in future quarters.”
About aurionPro
aurionPro Solutions (NSE: AURIONPRO) (BSE: 532668) delivers software solutions that drive efficiencies in the secure exchange of information, financial assets, and goods across the globe. Headquartered in Mumbai, the company was recently recognized by Deloitte and
Forbes as one of the fastest growing technology companies in India. aurionPro has demonstrated consistent growth since its inception in 1997 and currently employs more than 1250 individuals across Asia, Europe, and the United States. For more information, visit www.aurionpro.com.
For further information please contact:
Tel: + 91 22 6770 7713
Email: info@aurionpro.com
For aurionPro Solutions Limited:
Mehul Raval
Company Secretary