Mumbai : Accelya Kale Solutions Limited, an Accelya Group company and a leading provider of financial and business intelligence solutions to the Airline and Travel industry, has recorded consolidated operating income of Rs.900.38 million for the third quarter ended March 2014 compared to Rs.785.06 million in the corresponding quarter of the previous year. The Consolidated PAT stood at Rs.308.58 million compared to Rs. 243.12 million in the corresponding period. The current quarter consolidated operating income included a one-time contract termination fee of Rs.157.29 million from one customer.

For the quarter ended December 2013, the consolidated operating income and PAT was Rs 733.11 million and Rs 203.03 million respectively.

Nine month operating income and PAT stands at Rs.2,426.26 million and Rs.677.22 million respectively.

Commenting on the performance, Mr. Vipul Jain, Managing Director and CEO said, “After neutralizing the impact of one-time revenues, our performance for the quarter has been steady and in line with our expectation.”

Accelya Kale provides comprehensive financial and business intelligence solutions to the airline industry. Accelya Kale’s solutions are available as hosted and outsourced in pay-per-use models. These innovative models are beneficial for customers since they reduce upfront capital investments. The return on investment on the pay-per-use model is quite fast since the business benefits of the solution pays for itself. Accelya Kale thereby partners with customers in sharing risks and rewards.

Source : Lokesh Shastri