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Driven by a booming telecom sector in India, this telecom software company
clocked revenue of Rs 57.86 crore, up 28% compared to Rs 45.14 crore in 2000-01.
However, owing to tough conditions in the US market, the services business
contracted due to the cancellation of contracts and subsequent discontinuation
of the offshore component. This reduction in topline has been made up by the
growth in products revenue, which contributed 30% to overall revenues, against
7% in financial year 2000-01.