Logix Microsystems Limited has registered noteworthy growth in revenue and profits for the quarter ended March 31, 2009.
The company has reported a growth of 16% in total revenue at Rs574.9mn as compared to Rs 496.1mn in the corresponding previous year. In the previous year, net profit for the year stood at Rs 148.8mn, a 9 % rise over Rs 136.5mn.
Sanjay Soni, Managing Director, Logix Microsystems Ltd. said, "The results are yet another affirmation of the strong fundamentals of the company, and the reputation of Logix Products, Platforms, Services, and Solutions in the U.S. Automotive Retail Segment."
Mr. Soni added, "With the launch of new "recession-buster" solutions like the Auto Dealer Stimulus Packages, iService, and AddOnAuto, Logix is well poised to capitalize on the recessionary trends in the U.S. Automotive market and overtake the competition."
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