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IntraSoft (123Greetings.com) posts net profit of Rs 8.79 crore for 2009-10

IntraSoft Technologies, which owns an online greetings portal 123Greetings.com, has reported a growth of 65 per cent in its net income at Rs 8.79 crore for the fiscal year ended March 31, 2010, as compared with Rs 5.32 crore a year ago. Revenues increased by 32 per cent to Rs 30.90 crore from Rs 23.35 crore during the same period. For the fourth quarter ended March 31, 2010, the company has posted a net income of Rs 2.54 crore and revenues of Rs 9.70 crore.

IntraSoft Technologies, which owns an online greetings portal 123Greetings.com, has reported a growth of 65 per cent in its net income at Rs 8.79 crore for the fiscal year ended March 31, 2010, as compared with Rs 5.32 crore a year ago. Revenues increased by 32 per cent to Rs 30.90 crore from Rs 23.35 crore during the same period. For the fourth quarter ended March 31, 2010, the company has posted a net income of Rs 2.54 crore and revenues of Rs 9.70 crore.

Arvind Kajaria, managing director, IntraSoft Technologies, has said, “The increase in total income is mainly driven by the increase in the number of unique visitors during the festive season in the second half of the year. This has helped us to report a 32 per cent growth in total income during the year. As the global economic recovery gains momentum, the company should continue to see a healthy growth in both revenues and profits.” [Source: India Infoline]

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