Even a better show in Q4 could not offset the dismal performance in the
previous quarters (especially Q3); Geodesics revenue declined, and so did its
net profits (more than 6%), despite the company going through a slew of product
launches throughout the year. The Mundu suite and Spokn were launched on the
Apple App Store. An online piracy protection software and a solution to upgrade
energy meters were other offerings. Key clients like Axis Direct (US), Telcel
(Mexico) and Dialog Telekom (Sri Lanka) came on board.
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FACTSHEET
l MD: Kiran Kulkarni l Start-up |