Kale Consultants, a leading solutions provider to the Airline, Logistics and Travel (ALT) industry, has recorded revenues of US$20.5 million for the year ended March 31, 2009, as compared to $17.2 million for the previous year, a growth of 19 percent.
For the quarter ended March 31 2009, Kale recorded revenues of $5.7 million as compared to $5.6 million during the previous year.
Consolidated revenues for the year ended March 31, 2009, stood at $28.9 million as compared to 424.1 million during the previous year, a growth of 20 percent.
Commenting on the performance, Sumeet Nadkar, CFO said: "The steady growth in revenue and profitability in these tough times can be attributed to our annuity based revenue model and a focused approach to increase efficiency and productivity across our business segments." |
