From correspondents in Maharashtra, India, 11:17 PM IST

In their Board meeting held today, HTMT Global Solution's Board of Directors approved the consolidated financial results of the company for the quarter ended 30 June, 2008.

Key highlights:

• Revenue was Rs. 177.92 Cr. for the quarter ended June 30, 2008; year on year growth was 17%

• EBITDA was Rs. 34.43 Cr. for the quarter ended June 30, 2008; year on year growth was 29%

• Net profit after tax was Rs. 20.06 Cr. for the quarter ended June 30, 2008; year on year growth was 12%

• Earnings per share increased to Rs. 39.04 from Rs. 34.08 in the corresponding quarter in the previous year; year on year growth was 14%

• Number of new client wins – 5

• Total employee base as at June 30, 2008 – 13,575

• Net cash and cash equivalents – Rs. 541.50 Cr

Our global delivery mode of India, Philippines, USA and Canada is working very well. We see a strong traction in organic growth in our existing businesses. The current downturn in the US economy augurs well for off-shoring and the new business pipeline is also looking strong. We have just opened our new centre in Chennai for 800 seats, and another 400 seats are coming up in Mumbai in August.

Awards and recognitions

HTMT Global Solutions was recognized with a gold medal at the recent HR Outsourcing Summit held in Bangkok. The company was recognized for its efforts in institutionalizing a competency development model. HTMT was also ranked in the Top 20 BPO Employers by NASSCOM in their annual survey.

Source: Press Release Distribution via India PRwire