Announces plans to employ 1000 this quarter

January 27, 2010 /India PRwire/ -- IKF Technologies, a leading technology solutions company headquartered out of Kolkata and setup at Delhi, Noida & Mumbai has posted consolidated net revenues of Rs 40.3 cr, representing a 105% YoY growth for the quarter ending December 31, 2009.

In this quarter, the company recorded Profit After Tax of Rs4.87 Cr compared to Rs2.37 Cr for the same period last year, representing 105% growth YoY. The results were taken on record at the meeting of the Board of Directors here today.

Commenting on the company's performance and growth plans, IKF Technologies' Managing Director ,Mr C S Jalan said, "Despite adverse market conditions, the company has posted a healthy order intake. Product innovation and venturing into new market and areas contributed significantly to the growth and we are confident of sustaining the growth over the forthcoming quarters."

In this quarter, IKF entered into strategic alliance with leading corporate entities in middle east in the Enterprise Resource Planning segment and other related applications. The company also entered into an alliance in South Africa to offer computer training programs in that country. The company plan to increase its current head count by a 1000 employees this quarter.

Source: Press release distribution via India PRwire

Notes to Editor

About IKF Technologies

IKF Technologies Ltd. is Public Limited Company incorporated in the year of 2000 with the main objective of promoting IT, ITES, Telecom and Alternative Energy Resources across the Globe. It's a fastest growing IT Company has maintained its leadership status in catalysing renaissance in Indian IT arena. IKF offers a complete package where customers not only receive software applications but also embolden their knowledgebase manifold, wherein they can even redesign their business vision and product offerings to their customers. IKF Technologies has an Onshore Development Center at Georgia, South Africa, Germany, US, and a Development Center in Noida, India. The development centers have modern and well equipped infrastructure such as Secure network with access controls in place with 1000 workstations. Full suite of SAP, ERP, NetWeaver, BI, CRM, SCM, SEM, SRM and Enterprise Portal applications T1 connectivity to client's SAP installations in the U.S.

Tele/Video conferencing for remote consulting7X24X365 capability is also available. As part of the company's commitment to its clients and quality solutions, it is certified a ISO 9001:2000 company.

The company is pursuing its goal of helping the country with clean and environment friendly Bio-Fuel through its fully owned subsidiary, IKF Green Fuel Limited.

Safe Harbour

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause our actual results to differ materially from those in such forward-looking statements. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

For more information, please contact:
Chiranjeeta Borah (Consultant)