Hughes Software Systems

Gurgaon-based Hughes Software Systems is a leading player in

the software segment with a focus on telecom solutions. The company came out

with its IPO in fiscal 1999, meeting with astounding success. Providing

customized software services in the area of switching technologies, access

technologies, network management systems, intelligent networks and computer

telephony integration, the company showed a sales growth of 57% in fiscal

1999-00, notching up revenues of Rs 107.29 crore. Net profit jumped 96% to Rs

29.51 crore, and the company was ranked #25 in sales, #19 in net profit and #16

in gross block. ROCE stood at 29%, giving it the #14 slot in the segment. The

overall ranking would be far higher than the designated #27 if the detailed

financials were available.