ACE SOFTWARE - NO DOUBLE-FAULTS, SERVING ACES
Article Abstract:
In January 1996, Ace Software (AS) had floated a public issue to raise Rs3.74 crore for funding its expansion projects of catering to the database creation requirements of the North American and European markets. After this expansion, the income of AS was to go up by 4 percent and a plan was being prepared to enter value- added CAD services for the North American markets. But the issue could not realise its projections. In 1996- 1997, it posted net sales of Rs1.76 crore, against the projected Rs5.77 crore. Its net profit was Rs0.61 crore, against the projected Rs2.40 crore. In 1997-1998, AS posted a total income of Rs2.74 crore and a net profit of Rs0.77 crore, against the projected Rs2.14 crore and Rs0.59 crore respectively. (gsh)
Comment:
Posts total income of Rs2.74 crore & net profit of Rs0.77 crore vs projected Rs2.14 crore & Rs0.59 crore respectively in 1997-98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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FROM BOYS TO MEN - PSI DATA SYSTEMS
Article Abstract:
PSI Data Systems (PDS) mainly is in the business of software development and manufacture of servers based on RISC technology and SMP architecture. The $4 billion Groupe Bull of France holds 50 percent of the equity of PDS. PDS' offshore development includes Oracle, Java, C++, SQL Server, Informix and Forte projects. It exports software to USA and Europe and hopes to expand its base in Europe after the euro comes into existence. A restructuring enabled PDS to reduce its equity and wipe out accumulated losses. In the 6 months ended September 1998, it made a net profit of Rs2.60 crore. (nr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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