Bangalore: Financial Software testing pioneers, Thinksoft Global Services Ltd. , has announced its Q2FY 2011 – 12 results. Thinksoft Global Services is a specialist in financial and banking software testing services, and is the only listed independent testing service provider in India. The results are available on the company’s website at http://www.thinksoftglobal.com

PERFORMANCE HIGHLIGHTS

Consolidated Quarter Review

Consolidated revenues stood at Rs. 29.96-crore; up by 6.4% QoQ and 40.3% YoY

Consolidated Net Profit for the quarter stands at Rs3.96crore, with an increase of 117.1% QoQ and an increase of 4924% YoY

EBIDTA Margin stood at 11.0% as against 10.3% in Q1FY12 – an increase of 70 bps

Basic EPS for the quarter stood at Rs3.94 with 118% increase QoQ and 4924% jump YoY

Commenting on the company’s performance, Mr. A V Asvini Kumar, Chairman & Managing Director, Thinksoft Global Services Ltd , said, “We have had another quarter of continued revenue growth. We are seeing increased acceptance of third party testing services in the BFSI space. We have also added some key clients this quarter, both in the large and mid-sized category. We are also hopeful that this trend will continue in the short term in the coming quarter. Overall, the software testing space is poised to grow steadily over the next 5 years and this will provide a good business climate for the Company to operate in, as we have positioned ourselves as a specialised player in this niche.”