79. PHILIPS MEDICAL SERVICES



Bangalore-based Philips Medical Services centre grew by over 30 per cent this year to post revenues of Rs 131.5
crore. Gross profits grew by 9% while net profits rose 8.2%. Operating margins, however, fell by over 5 %. Part of the reason was the turmoil in the mobile market. The company, part of the Netherlands-based Royal Philips Electronics Group, does work on embedded software and ASIC design, among other interests.

PERFORMANCE HIGHLIGHTS

  • Revenues rise 31%, but net up only 8% 
  • Mobile software market sees a downturn

 

FACT SHEET
CEO: Bob Hoekstra Start-up year: 1997
Products: Real-time embedded system software and ASIC design 
Employees:
772 Address: Philips Innovation Campus, No1 Murphy Road,
Ulsoor, Bangalore 560 008
Tel: 5579000 Fax: 5560581 Website: www.philipsoftware.com
 

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