I-flex Q1 profits soar
The Board of Directors of i-flex solutions limited, a leading provider of IT solutions to the global financial services industry, has approved the results for the quarter ended June 30, 2006.
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Speaking on the occasion, Rajesh Hukku, Chairman & Managing Director said, "Our comprehensive solutions portfolio is helping financial institutions worldwide gain leadership in their business. We are delighted with the top ratings that the industry analysts such as Gartner, Forrester and Celent have given to FLEXCUBE and REVELEUS in the recent past; and a consistent streak of top tier wins for our products and services in the US, Europe and Japan."
R. Ravisankar, CEO, International Operations and Business Development added, "We now have the most comprehensive portfolio of solutions to help financial institutions meet the challenges of a highly competitive environment – and we continue to see rapid growth across the entire portfolio."
Commenting on the financials Deepak Ghaisas, CEO, India operations & CFO said, "We are investing in infrastructure aggressively to meet market opportunities. This strategy is aimed at leveraging scale to help optimize costs while giving us the required flexibility to quickly expand operations."
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