24 DSQ Software Ltd - A 'Niche' Company

alt="https://img-cdn.thepublive.com/filters:format(webp)/dq/media/post_attachments/591b4a9209faaeceac9adacf53e058205cd9db14587ba4b6875ec560f5b009f6.jpg (40999 bytes)" border="0" hspace="2" vspace="2"> MANAGING DIRECTOR: Dinesh Dalmia ‡ PRODUCTS AND SERVICES: Software Development, Consultancy Ø START-UP YEAR: 1992 ‡ EMPLOYEES: 1143 Ø QUALITY CERTIFICATION: ISO 9001 ‡ ADDRESS: 407-408, Mount Road, Nandanam, Chennai 600035 Ø TEL: 4346901, 4346889, 4346907 ‡ FAX: 4347309 Ø WEB SITE: www.dsqsoft.com PERFORMANCE HIGHLIGHTS l Sales growth up by 83 percent. l Profit growth stands at 64 percent. l ERP-a new initiative. l Expanded operations in Bangalore, Calcutta, and Mumbai. hspace="2" vspace="2">

Last year DSQ Software Ltd (formerly known as SquareD Software) witnessed an 83

percent jump in its revenues, at Rs 116.78 crore. With a 64 percent jump in net profits,

at Rs 24.92 crore, its share prices went zooming up.

Engaged in software exports, the company has broadly divided its operations into three

strategic business units: Open Systems, Telecom and Networking, and Engineering and CAD

consulting. The last one year saw the company getting strong in the off-shore development

work, which accounted for 65 percent of the overall revenues and onsite for the rest).

About 43 percent of its revenues came in from the US, while the European market

contributed 32 percent, and Japan and Asia Pacific region together contributed the rest 25

percent. DSQ has been mainly involved in software exports in client server applications,

reengineering, and maintenance projects on mainframe systems. Its prestigious clients in

the CAD/CAM area include Chrysler and Audi. Having a strong hold in the Japanese market,

DSQ has three

exclusively dedicated software development centers for clients such as NEC, NSW, and

Oki at Chennai. It has recently added up another Japanese client Unisia Jecs Corp. to its

portfolio for developing software for automobile embedded systems and anti-breaking lock

systems.

On the Y2K front, the company's operations constituted nearly 12 percent of its total

revenues in the last year. Its international clients for which it has undertaken Y2K work

include Japan Railways, Ingersol Rand, and Ajinomoto. The new thrust areas identified by

the company in the last year are ERP and Euro currency projects. The company proposes to

open four ERP implementation centers in the metros. While SAP and PeopleSoft

implementation centers will be located at Calcutta, BaaN will be implemented at Chennai,

and Marcam and JD Edwards will be implemented at Mumbai.

Last year, the company was on a major global expansion spree. It set up two offices in

UK, three in the US, and one each in Singapore, Japan, Abu Dhabi, Australia, and Germany.

With all this, the company expects to achieve a turnover of Rs 280 crore for the fiscal

1998-99.