August 22, 2014 7:47 PM ET

IT Services

Company Overview of GSS Infotech Limited

Company Overview

GSS Infotech Limited provides managed information technology (IT) services primarily in India, the United States, and the Middle East. It offers remote infrastructure management services, including server management and monitoring, service desk, storage management, platform hardening, systems integration, database administration, messaging and collaboration, managed desktop, application packaging and distribution, and Wintel server management and migration; and database management services, such as administration, monitoring, performance tuning, support, consulting, migration and upgrades, and projects. The company also provides application management services, which include application deve...

Cyber Pearl, Block – 2

Level – 5, Wing 05-01

HITEC City

Madhapur

Hyderabad,  500081

India

Founded in 1999

629 Employees

Phone:

91 40 4455 6600

Fax:

91 40 4002 8703

Key Executives for GSS Infotech Limited

GSS Infotech Limited does not have any Key Executives recorded.

GSS Infotech Limited Key Developments

GSS Infotech Limited Announces Unaudited Standalone and Consolidated Earnings Results for the First Quarter Ended June 30, 2014

GSS Infotech Limited announced unaudited standalone and consolidated earnings results for the first quarter ended June 30, 2014. For the quarter, on standalone basis, the company's net sales/income from operations was INR 96.7 million compared with INR 114.9 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 15.7 million compared with INR 13.8 million a year ago. Profit from ordinary activities before tax was INR 7.9 million compared with INR 47.3 million a year ago. Net profit was INR 3.9 million or INR 0.23 per diluted share compared with INR 45.8 million or INR 2.70 per diluted share a year ago. For the quarter, on consolidated basis, the company's net sales/income from operations was INR 770.99 million compared with INR 717.1 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 35.7 million compared with INR 40.1 million a year ago. Profit from ordinary activities before tax was INR 20.6 million compared with INR 71.4 million a year ago. Net profit was INR 14.1 million or INR 0.83 per diluted share compared with INR 69.4 million or INR 4.10 per diluted share a year ago.

GSS Infotech Limited Announces Audited Standalone and Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2014

GSS Infotech Limited announced audited standalone and consolidated earnings results for the fourth quarter and full year ended March 31, 2014. For the quarter, on standalone basis, the company reported net sales/income from operations (net of excise duty) of INR 91.5 million compared to INR 96.89 million for the same period a year ago. Profit from operations before other income, finance cost and exceptional items was INR 89.13 million compared to INR 14.13 million for the same period a year ago. Loss from ordinary activities before tax was INR 78.95 million compared to profit from ordinary activities before tax of INR 5.39 million for the same period a year ago. Net loss was INR 32.79 million or INR 1.94 per diluted share before and after extraordinary items compared to net profit of INR 2.21 million or INR 0.13 per diluted share before and after extraordinary items for the same period a year ago. For the full year, on standalone basis, the company reported net sales/income from operations (net of excise duty) of INR 461.39 million compared to INR 398.76 million for the same period a year ago. Loss from operations before other income, finance cost and exceptional items was INR 23.29 million compared to profit from operations before other income, finance cost and exceptional items of INR 36.09 million for the same period a year ago. Profit from ordinary activities before tax was INR 10.97 million compared to INR 29.94 million for the same period a year ago. Net profit was INR 43.17 million or INR 2.55 per diluted share before and after extraordinary items compared to net loss of INR 49.3 million or INR 2.91 per diluted share after extraordinary items for the same period a year ago. For the quarter, on consolidated basis, the company reported net sales/income from operations (net of excise duty) of INR 604.97 million compared to INR 615.4 million for the same period a year ago. Loss from operations before other income, finance cost and exceptional items was INR 104.2 million compared to profit from operations before other income, finance cost and exceptional items of INR 13.79 million for the same period a year ago. Loss from ordinary activities before tax was INR 96.88 million compared to profit from ordinary activities before tax of INR 5.34 million for the same period a year ago. Net loss was INR 46.6 million or INR 2.75 per diluted share before and after extraordinary items compared to net profit of INR 10.2 million or INR 0.61 per diluted share before and after extraordinary items for the same period a year ago. For the full year, on consolidated basis, the company reported net sales/income from operations (net of excise duty) of INR 2,698.8 million compared to INR 2,942.97 million for the same period a year ago. Profit from operations before other income, finance cost and exceptional items was INR 11.15 million compared to INR 41.46 million for the same period a year ago. Profit from ordinary activities before tax was INR 32.04 million compared to INR 16.01 million for the same period a year ago. Net profit was INR 63.1 million or INR 3.73 per diluted share before and after extraordinary items compared to net loss of INR 69.4 million or INR 3.51 per diluted share after extraordinary items for the same period a year ago.

GSS Infotech Limited, Board Meeting, Aug 09, 2014

GSS Infotech Limited, Board Meeting, Aug 09, 2014. Agenda: To approve audited consolidated and standalone financial results of the company for the quarter and year ended March 31, 2014; to make a decision to convene the 11th Annual General Meeting of the company on September 30, 2014; to approve allotment of 2,800,000 equity shares to the investors upon the conversion of their equity share warrants; to approve the close of registered members and share transfer book from Sep. 25, 2014 to Sep. 30, 2014; to approve directors report for the year 2013-2014 and authorize the CEO & MD, director to sign on report and any addendum thereof; to consider the notice of AGM and authorize the company secretary to issue the notice of AGM to the shareholders; and to approve mandatory E voting procedure for all future General Meeting.

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