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Silverline Technologies

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DQI Bureau
New Update

If Silverline Technologies consolidated its revenues and

profits, it would have been placed among the top Indian IT companies–after

all, its performance on a standalone basis itself has placed it at #30 in

overall rankings. The company was placed at #14 in sales, #8 in net profit and

#10 in gross block. Silverline reported sales of Rs 272.72 crore and a net

profit of Rs 131.47 crore in the year ended March 2001. While sales grew by 40%,

net profit was up by 87%. Its gross block grew 16% to Rs 183.11 crore.

Silverline was placed at #31 in sales growth, #23 in profit growth and #40 in

gross block growth. The company provides services in e-commerce, CRM,

re-engineering and maintenance of legacy systems through offshore development

centers in Thane and Bangalore. The company is listed on the New York Stock

Exchange, having raised $125 million earlier in the year. It has also made some

acquisitions, including Hong Kong’s Sky Capital International, US-based Sera

Nova and Canadian firm based CIT Inc.

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