| |
Lanco records Rs. 8.5–Cr net in FY07 Hyderabad:
Hyderabad – based Global IT Service Provider Lanco Global Systems has recorded revenues of Rs. 78.07 crore in 2006-07 as compared with Rs. 35.62 core in 2005-06.The company recorded a net profit of Rs. 8.5 core in its books for the year ending 2007 as against Rs. 1.84 core in 2005-06.The FY07 results include the financials of the merged entity Lanco Global Systems of USA. The company had been merged on October 26,2006, with Lanco and pursuant to which 14.76 lakh shares were allocated to the former. Currently, the company employs 750 people working at offices at Hyderabad and USA.
|
