aurionPro Solutions Ltd. Announces Un-audited Quarter and Year ended March 2012 Results.
- Consolidated revenue for the year is Rs. 482.70 Crores and for the quarter ended 31st March, 2012 is Rs. 132.22 Crores. Compared with the year ended 10-11 (Rs. 423.73 Crores) and with the fourth quarter 10-11 (Rs. 112.96 Crores), this represents an annualized growth rate of 13.92 % and 17.04% respectively.
- Consolidated EBITDA for the year is Rs. 95.41 Crores and for the quarter ended 31st March, 2012 is Rs. 24.98 Crores.
- Consolidated Net Profit for the year is Rs. 41.31 Crores and for the quarter ended 31st March, 2012 is Rs. 6.31 Crores.
- As a result, the EPS (Diluted) for the year ended 31st March, 2012 is Rs. 25.92 compared to Rs. 30.74 (Diluted) for the year ended 31st March, 2011.
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, Kairoleaf Analytics Pte Ltd, Singapore, PT Aurionpro Solutions, Indonesia in the quarter ended 31st March, 2012.
Commenting on the results, Mr. Banesh Prabhu, CEO and Chairman of the Board of aurionPro, said “We are quite proud of our revenue growth during our 2011-2012 fiscal year, especially during a challenging market environment. Although our annual profit was impacted due to an increase in investments, significant payouts based on previous acquisitions, and finance costs, we are in excellent shape as we begin our 2012-2013 fiscal year.”
REVIEW OF OPERATIONS & NEW INITIATIVES
aurionPro continued to invest significantly during 2011 in order to maximize the relationships with our strategic partners. Those efforts were duly rewarded as various aurionPro Practices were honored with several significant Partner awards. Our Banking Products team was selected by IBM out of hundreds of partner nominations as a winner of a 2012 Beacon Award for recent successes co-positioning aurionPro's Payment Hub software suite on top of IBM's hardware and software offerings. Our Information Security Practice was thrilled to win Oracle’s top Partner honor, the Oracle Titan Award, for the second time in three years, for their Oracle Entitlement Server implementation with a major financial services company. Finally, our Banking group was also recognized by Microsoft’s Enterprise Partner Group as a Partner of the Year.
Along with our Partner awards, aurionPro has been recognized a number of times by industry analysts for our consistent growth in our business as well as for our commitment to delivering the highest quality of products and services to our global customer base. Most significantly, aurionPro was selected to the 2011 FinTech 100 as one of the top 100 global financial technology providers.
Various aurionPro businesses hired key leaders over the course of 2011, continuing our commitment to grow our core offerings. Walt Levengood, a veteran of the flourishing Retail Payments industry, joined aurionPro as President of our Payments Practice, where he has brought his extensive experience developing and implementing electronic payment programs to help expand aurionPro’s payments offerings. The aurionPro SENA division, focused on consulting services around Oracle’s Identity Management, WebCenter, and Oracle Apps product lines, has also hired a number of Sales and Operational leaders to grow our Oracle-based Web Content Management and Enterprise Portal business. Steve Sommers, Mark Tepsic, and Jason Zolczynski, all former leaders in Oracle’s WebCenter Consulting organization, joined aurionPro SENA over the course of the year to help drive that rapidly expanding team.
Finally, aurionPro has continued our investment to ensure consistent and successful delivery of services to our customers, for which we have achieved 2 certifications during the past year. Our Pune delivery center, one of aurionPro’s most strategic and substantial offshore development facilities, has achieved both SAS70 Type I certification as well as SSAE16 compliance, the highest level of international validation for an Information Security program. Independent auditors carried out the assessments and provided both certifications. Successful completion of these processes provide reassurance to aurionPro’s customers that there is a strong set of controls in place and reaffirms that the company is run as a world-class organization.
aurionPro Solutions (NSE: AURIONPRO) (BSE: 532668) is a publicly traded technology company that helps Fortune 1000 companies to be more efficient through domain-driven software and consulting offerings. Employing more than 1250 individuals across North America, Asia, and Europe, the company has been recognized by Deloitte, Forbes, and the 2011 FinTech 100 as one of the world’s fastest growing technology companies. For more information, visit www.aurionpro.com.
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