Despite recessionary challenges, in the first two quarters, gross profit
margin increased to 39.1% due to enhanced contribution of higher-margin business
and increase in resource utilization. While key wins like ERP support for a
global construction company and BI project for a building materials company, as
well as building IP for iTOPS solutions in mortgage helped, this was achieved
more due to prudent management of SG&A expenses. Key senior executives from
diverse industries like David Kruzner, Patrick Burke and Ari Aaltonen too came
on board.
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FACTSHEET
l CEO: Phaneesh Murthy l Start-up |