VisualSoft Technologies

The medium-sized Hyderabad-based company slipped from its Top 5 ranking of
last year to #11 due to a fall in its growth rate in the last two quarters of
fiscal 2001. All was going well for the company till the slowdown in North
America inflicted a negative impact on the performance. Revenues of the company,
which has an equal focus on software services and products, grew by 93% to Rs
131.35 crore, while net profit leaped by 130% to Rs 65.31 crore. The company’s
gross block grew by 63% to Rs 49.85 crore. VisualSoft held the #22 position in
gross block growth, #10 in sales growth and #13 in profits growth. VisualSoft is
a technology-focused company with specialization in the development of software
products and services. Its focus areas are the Internet, knowledge management
and mobile technologies and the company has developed a number of products,
which includes developer suites and components and Web-based application
products. The company has a portfolio of more than 55 products, including
applications for enterprises and developers. The slowdown had a dampening effect
on its products division, which affected the overall growth rate. The share of
its product revenues is likely to fall further in the coming quarters, impacting
its margins.

Leave a Reply

Your email address will not be published. Required fields are marked *