Blue Star Infotech Announces Third Quarter FY 2014

 For Immediate Release Blue Star Infotech Announces Third Quarter FY 2014‐15 Results MUMBAI, INDIA — JANUARY 19, 2015 — Blue Star Infotech Limited, the Digital Transformation and Software Engineering Company, today declared its third quarter results for FY 2014‐15.
PERFORMANCE HIGHLIGHTS For the quarter ended 31st December, 2014: 
Total Revenue stood at Rs. 66.58 Crs 
Profit After Tax (PAT) grew by 33.6% to Rs. 4.69 Crs from Rs. 3.51 Crs of same quarter last year 
EBITDA grew by 40.9% Y‐o‐Y to Rs. 8.20 Crs from Rs. 5.82 Crs KEY HIGHLIGHTS AND BUSINESS WINS
Some of the significant business wins for the quarter includes – 
A Fortune Global 500 company and one of the largest private sector companies in India chose Blue Star Infotech’s Business Intelligence solutions 
A well‐known American HR and payroll service provider chose Blue Star Infotech to develop their software solutions 
A leading global consultancy firm chose Blue Star Infotech’s resources to provide implementation service for their client in Malaysia. 
An international online academy chose Blue Star Infotech’s ERP solutions. 
One of the world’s largest travel service providers, an existing client of Blue Star Infotech chose Blue Star Infotech to help in its digital transformation. Blue Star Infotech developed an innovative customer documentation system that enabled the client’s PTE’s (Personal Travel Experts) to offer proposals with a very high level of personalisation 
A Fortune Global 500 company, an existing client of the company, chose Blue Star Infotech to globally launch a cloud based mobile security and mobile device management application. This was achieved in record time and Blue Star Infotech helped the client bring down software testing time from two weeks to two days. AWARDS AND ACHIEVEMENTS 
Deloitte's 2014 Technology Fast 500 ranked Blue Star Infotech among APAC's fastest growing companies 
Blue Star Infotech entered into a partnership with a US based company that provides platform for digital acceleration. This platform enables companies to operate with the speed, scale, and agility that’s required of a digital business 
The company set up an Indoor Tracking Technology Lab in their Santa Clara office, US MANAGEMENT STATEMENT Mr. Sunil Bhatia, CEO &MD, Blue Star Infotech Ltd. said “This has been a good quarter for us. We continue to build momentum with our new business wins, especially in the digital front. While providing high‐end value added services to customers remains our core focus, we have consciously closed our unremunerative business. This change in focus and revenue mix has caused our top line to remain flat but the bottom line is certainly seeing good growth. We expect similar trend for the next quarter as well. ” About Blue Star Infotech Ltd Blue Star Infotech Limited (www.bsil.com), a digital transformation consulting and services company, combines the best of engineering, creativity and technology to deliver the next generation of software solutions to its global customers and enable them to be future‐ready. Part of the well‐known Blue Star Group, Blue Star Infotech is a listed company with its global headquarters in Mumbai, India, and with operations in USA, UK, Europe, Malaysia, and Singapore. The Company is focused on delivering value‐added and future‐proofed software solutions by leveraging emerging technologies and trends while preserving existing investments for gaining competitive advantages. Blue Star Infotech caters to the IT and software R&D needs of enterprises globally, and offers a broad spectrum of services ranging from Application Development and Management, Product Engineering, Package Implementation and Testing to emerging areas such as Business Intelligence/Analytics, Mobility and Cloud Computing. Blue Star Infotech has successfully completed more than 800 major IT projects on a wide range of hardware and software platforms. It has delivered more than 1850 product releases for its technology customers worldwide. Its technology labs for Mobility, Cloud Computing, Analytics and Usability Engineering incubate and propagate new methodologies, standards, tools and solutions. This coupled with its CMMi Level 5 and ISO 9001:2008 assessed Quality Assurance processes, assures world‐class standards for all its deliverables. For more information, please contact: Sudeshna Mukherjee Blue Star Infotech Ltd. CIN: L72200MH1997PLC110459 Corporate Communications Tel: +91‐22 6685 6969 Email: [email protected]